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

Structured Finance Daily Wrap: STRAT 2014...

PRIMARY: CMBS Westfield Stratford City is marketing a new STG 750m five-year single-tranche CMBS, called STRAT 2014. The deal comprises STG 750m of floating rate CMBS notes maturing in August 2019, with an expected rating of AAA from DBRS. The roadshow started today, with site visits scheduled for Wednesday 30 July. Pricing is slated for the...Read more

Pricing on Generale de Sante’s EUR 500m...

Price talk on French private care provider Generale de Sante’s EUR 500m seven-year TLB1a has been cut and the maturity shortened to six years from seven, in line with the other facilities. The margin on the TLB1a has been reduced by 25bps to E+350bps. Recommitments are due today (28 July). The facility forms part of the EUR 1.075bn...Read more

Vivarte restructuring deal consent level up...

Vivarte’s restructuring proposal has now secured consent from holders of 97% of the debt after three additional consents came in, sources close to the situation said.  “First lien lenders are now all on board but three second lien lenders continue to oppose the deal; attempts are ongoing to secure their support,” said a...Read more

Endemol increases pricing by 50bps and widens...

Price talk on the EUR 1.16bn refinancing package for Dutch media group Endemol has been increased by 50bps on both the first and second lien facilities and the OID widened on both tranches.   Talk on the dollar and euro tranches of the EUR 700m seven-year first-lien term loan is now L/E+525bps and the sterling piece +575bps; the OID has been...Read more

Lindorff launches EUR 1.45bn bond package;...

Norway-based debt management company Lindorff has launched a EUR 1.45bn equivalent bond package backing Nordic Capital’s buyout. The package comprises a EUR 550m seven-year NC3 senior secured fixed rate note, EUR 200m NOK-denominated equivalent six-year NC3 senior secured FRN, EUR 250m six-year NC1 senior secured FRN and EUR 450m...Read more

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