Syndicated Loans and Leveraged Finance



Autobar LBO secures Eu785m loan

2 September 2010

Private equity firm CVC Capital Partner is financing a Eu1.2bn leveraged buy-out of Autobar, the vending machine operator, from UK Charterhouse with Eu785m of loans. read more »


  • Nomos wraps up $100m deal as Russia’s private banks return

    Russia’s Nomos Bank signed a $100m club deal on Wednesday, this week’s second loan to a private Russian bank on a standalone basis. Private Russian banks have not raised debt without the support of a multilateral institution since 2008.

  • Cinven warms up £246m offer for UK’s Spice

    Private equity firm Cinven is in advanced talks to acquire Spice, the UK infrastructure support services company, for £246.5m.

  • Smiths News signs £135m refi

    UK newspaper and magazine wholesaler Smiths News has signed a new £135m loan with a syndicate of five banks.

  • More M&A to come as borrowers take confidence from BHP and Sanofi

    A glut of corporate borrowers could be tempted to bring acquisition deals to the European market, having seen the success of recent acquisition loans. Bankers expect M&A activity to increase as borrowers take confidence from a BHP Billiton’s $45bn facility backing its hostile bid for Potash Corp and a syndicated loan supporting Sanofi-Aventi’s offer for Genzyme.

  • Bank Saint Petersburg gets frigid welcome from retail investors

    Bank Saint Petersburg has signed a $55m one year club deal, having cancelled a wider syndication of the facility after a weak response from lenders.

  • Europcar drives off with Eu1.3bn asset-backed revolver

    Europcar, the French car leasing company, has refinanced Eu1.8bn of debt due in May 2011 with a Eu1.3bn senior asset-backed revolver.

  • Abu Dhabi’s Sorouh seeks Dh3.5bn

    Abu Dhabi real estate company Sorouh launched a Dh3.5bn ($952m) loan into syndication 10 days ago, according to bankers familiar with the facility.

  • All aboard for AfDB’s A/B roll-out in $500m Transnet co-financing

    The African Development Bank is considering its first co-financing with international lenders in an A/B structured loan for Transnet, the state-owned South African transport infrastructure firm.

  • Lenders flock to BHP’s $45bn takeover loan

    A $45bn facility launched by BHP Billiton to back its hostile bid for Potash Corp of Saskatchewan has already got lenders in the loan market salivating.Only a week after the deal was launched bankers working on the loan said that it was unlikely that any invited banks would decline to commit.


 


More Syndicated Loan News and Analysis

Euroweek View on Loans

BP turns to PXFs as banks learn the Yukos lesson

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Loan Ranger

Loan Ranger: The Seven Year Itch

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Loans League Tables

Bookrunners of all syndicated loans marketed in EMEA — 2010 (August 19, 2010)

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People News

StanChart’s loan distribution chief moving to Singapore

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Cartoon of the Week

A ripping yarn from the laboratory

by Olly Copplestone

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Special Reports on Loans

Turkey in the Capital Markets

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