CapitalStructure

eircom examinership to progress after 3...

eircom creditor meetings are expected to go ahead tomorrow (18 May) and a confirmation hearing next week after the Irish High Court rejected a motion to allow a revised bid from Hutchison Whampoa subsidiary 3 Mobile to progress, sources close to the situation said. “The judge [Mr Justice Peter Kelly] rejected the application to defer...Read more

Four private equity players submit final bids...

BC Partners, EQT, Silver Lake and Thomas H Lee Partners have submitted final round bids for tax free shopping company, Global Blue Holding AB. “The auction has generated a lot of interest and I would expect we will hear who the winning bidder is next week,” a source said. The bid deadline is May 21. Cinven, CVC Capital Partners and...Read more

Crisis in Dutch property market leads to big...

A large drop in the value of the assets backing the MPC Portfolio, the largest loan in Titan Europe 2007-2 CMBS, has underlined the extent of the crisis in the Dutch commercial property market. The 93 office properties in the portfolio have been revalued at just EUR 388.6m vs. outstanding debt of EUR 860.6m. Around half of that debt – EUR...Read more

Handful of private equity players bidding for...

The first round of the auction for St Hubert, the Dairy Crest Group-owned spreads business, has generated decent interest from private equity players. PAI partners, Cinven, LBO France and Lion Capital are among those who submitted first round bids earlier this week, sources said. “There are a number of trade players who have also indicated...Read more

Momentive Performance Materials snr sec 1.5...

Momentive Performance Materials Inc has downsized its 8.5-year NC3.5 senior secured 1.5 lien note to USD 250m from USD 450m. Price talk has been released at 10% and books close at 1.30pm EST; pricing thereafter. The notes are guaranteed on a senior basis by domestic subsidiaries that are guarantors under Momentive’s...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.

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