Leveraged Loans

  • Tottering Greensill puts fate of SCF clients in question

    Lawyers for struggling supply chain finance firm Greensill argued in court that over 50,000 jobs could be at risk from its collapse, precipitated by the withdrawal of credit insurance. But experts in the sector with knowledge of Greensill’s exposures argue that even Sanjeev Gupta’s Liberty Alliance empire could come out ahead.

  • EG Group fuels pump purchases with private debt

    EG Group fuels pump purchases with private debt

    EG Group leant on private markets to raise cash for its purchase of the forecourts business of UK supermarket Asda and a chain of German petrol stations from OMV. The group is raising first and second lien loans, and, on February 26, privately placed a £675m Reg S-only bond.

  • B&B Hotels launches liquidity deal

    B&B Hotels launches liquidity deal

    Goldman-owned hotel chain B&B Hotels has launched a new loan deal for liquidity, in a test for the loan market's capacity for the next generation of rescue funding in the most distressed industries. The deal comes alongside an equity cheque of €80m.

  • Goldman launches Bain’s Ahlstrom buy-out loan

    Goldman launches Bain’s Ahlstrom buy-out loan

    Goldman Sachs has launched the loan backing Bain Capital’s take-private of Ahlstrom-Munksjö into general syndication, looking to sell euro and dollar tranches over the next two weeks, and is likely to follow the loan launch with a secured bond in the coming days.

  • Barclays, Deutsche dodge losses thanks to risk transfer market but investors tighten terms

    Barclays, Deutsche dodge losses thanks to risk transfer market but investors tighten terms

    The synthetic risk transfer market helped some of Europe’s biggest banks dodge loan losses last year, with Barclays saving more than £300m and Deutsche at least €150m. But the backdrop last year led to investors taking a tougher line on writing new credit protection, steering clear of pools with limited disclosure and hoping to dodge the most damaged sectors.

  • Glenveagh bulks up bank facility

    Glenveagh bulks up bank facility

    Glenveagh Properties, the Irish house builder, has signed a €250m bank line to refinance debt due in April, adding to its lending group in the process.

  • GlobalCapital Syndicated Loan, Leveraged Finance and Private Debt Awards 2020: the full results

    GlobalCapital Syndicated Loan, Leveraged Finance and Private Debt Awards 2020: the full results

    After a poll of market participants at the end of 2020, GlobalCapital can now reveal the winners of its annual Syndicated Loan and Leveraged Finance Awards. GlobalCapital can also reveal the winners of the Private Debt Awards. Regrettably, we still cannot celebrate the awards with you in person, but we congratulate all the winners and nominees in this exceptionally challenging year.

Leveraged loans news archive