Leveraged/non-investment Grade

  • Haid debuts with $400m loan

    Haid debuts with $400m loan

    Guandong Haid Group Co, a Chinese agricultural and animal husbandry company, is in the loan market with its debut offshore borrowing of up to $400m.

  • Jacquet Metal Service leads SSD revival

    Jacquet Metal Service leads SSD revival

    French steel parts and distribution company Jacquet Metal Service has launched a further Schuldschein, according to sources. The market is gearing up for somewhat of a renaissance after a moribund 2020 and GlobalCapital understands that 10-15 more transactions are set to be launched in May.

  • Swan song for hung bridges as Golden Goose readies bonds

    Swan song for hung bridges as Golden Goose readies bonds

    Golden Goose, the Italian shoemaker bought by Permira just before the coronavirus pandemic struck Europe, is looking for €470m of senior secured bonds in what may be the last repayment of a bridge facility signed before Covid. Hung bridges for leveraged buyouts were a serious concern for banks at the height of the pandemic but due to governments and central banks supporting the financial markets, lenders sold down the positions successfully — mostly much earlier than Golden Goose, writes Silas Brown.

  • Allied bid backers to split $100m fees as G4S debt package lands

    Allied bid backers to split $100m fees as G4S debt package lands

    Banks backing the successful Allied Universal bid for UK security company G4S are set to split around $100m in financing fees for backing the deal, with Credit Suisse and Morgan Stanley in line for the lion’s share of the profits, as the $6.3bn eight tranche syndication is priced and the firm is delisted.

  • Home Credit Vietnam plans loan return

    Home Credit Vietnam plans loan return

    Home Credit Vietnam is in talks with banks for a new $50m loan, with its planned fundraising receiving some early mixed response from lenders.

  • BofA launches UK private capital push with Goldman hire

    BofA launches UK private capital push with Goldman hire

    Bank of America has hired a managing director from Goldman Sachs to help lead a new team in its UK investment banking division that aims to increase the bank’s coverage of private and emerging growth companies.

  • EQT launches Cerba buy-out loan

    EQT launches Cerba buy-out loan

    EQT has launched the €1.525bn loan leg of the buy-out funding for its purchase of Cerba Healthcare, a France-based chain of medical laboratories, indicating that the flow of acquisition deals is still running fast, with multibillion deals including Birkenstock and Lonza Specialty Ingredients closing last week, and G4S slated for this week.

  • World Peace slices CP portion on refi

    World Peace slices CP portion on refi

    Taiwan’s World Peace Industries Group has returned to loans bankers for a NT$18bn-equivalent ($645m) refinancing package. The fundraising includes a commercial paper guarantee tranche that has seen some changes as a result of scrutiny from the regulator.

Leveraged/non-investment grade loans news archive