"In the middle of difficulty lies opportunity"
Albert Einstein (1879 - 1955)

Structured Finance Weekly Wrap: Dryden XXVII...

PRIMARY: CLOs Subordinated noteholders in Dryden XXVII Euro CLO have been asked to approve a further note issuance of EUR 150-225m by 20 August. Market sources consulted said they could not think of any precedent for a tap in CLOs. "CLOs are not set up to be 'tapped' in the classical sense like an EMTN programme," one of them said. If approved,...Read more

Special Situations Weekly Wrap: Royal Imtech...

A number of distressed debt funds are taking an increased interest in Dutch technical services group Royal Imtech as sellers of the bank debt emerge. "It's unclear exactly how many sellers there are and exactly how much paper is for sale," said a source. “We heard that between EUR 120m to EUR 150m of the loans have traded in recent days and...Read more

High Yield Weekly Wrap: Frigoglass on...

STRESSED/ DISTRESSED: Greek refrigeration products group Frigoglass is drawing the attention of a number of distressed debt specialists after releasing disappointing Q2 2014 results and guiding that market conditions are likely to remain challenging. "Performance over the last few quarters has been impacted by a combination of political...Read more

Leveraged Loans Weekly Wrap: DOUGLAS tables...

PRIMARY: German retail group DOUGLAS Holding tabled a repricing request to cut margins by 50bps across its facilities. The transaction would take the margin on the RCF and acquisition facility to E+375bps and the TLB and TLC to E+400bps. Consenting lenders are offered a 25bps fee. In addition the company is seeking consent to use the proceeds...Read more

PennEngineering USD 570m loan package...

PennEngineering & Manufacturing's USD 570m equivalent covenant-lite first-lien loan package has allocated. The USD 220m and USD 350m equivalent euro-denominated tranches of the seven-year term loans both priced at L/E+350bps, the wide end of the talk range. Both tranches came with a 99.5 OID and 1% floor. The 101.0 soft call protection for six...Read more

The leading source for accurate, in-depth news and analysis on the European leveraged finance and distressed debt markets.

CapitalStructure is an independent provider of insightful first-to-market news on and analysis of the European sub-investment grade space. Our emphasis is multi-sourcing to ensure we only publish accurate value-added intelligence to our client base of fund managers, proprietary trading desks, leveraged finance bankers, corporate restructuring advisors and private equity sponsors.

2,250+
Real-time news on and analysis of 2,250+ corporate borrowers                                                                                   
2,300+
Extensive deal database of 2,300+ Leveraged Loan syndications dating back to 1 January 2000
 2,200+
Extensive deal database of 2,200+ High Yield bond issues dating back to 1 January 2000
260+
Up-to-the-minute commentary on and analysis of 260+ ‘special situation’ credits and stressed and distressed CMBS





Forgotten Password ? Click here to request a new one.

If you wish to speak to a CapitalStructure representative please call us on Tel: +44 (0) 20 7283 3820 or email us at enquiries@capital-structure.com

CapitalStructure articles are only available to registered users. Contact a CapitalStructure representative if you would like to view the full article.

Already registered?