CapitalStructure

High Yield Weekly Wrap: ‘Save the date’...

PIPELINE High yield investors have been invited to attend a lunch at the Andaz Hotel in London at 12.30 on Monday 6 February for a new issue from an unnamed Western European cable company. The issue is expected to be euro-denominated and have single B ratings. Speculation as to the identity of the issuer is very much centred on Numericable,...Read more

INEOS senior secured note priced at 8.375% on...

The USD 1,657m equivalent senior secured note issue from INEOS has priced; the USD 1.0bn seven-year NC3 senior secured note priced at 8.375% and the EUR 500m seven-year NC3, 102, 101 senior secured FRN at E+600bp with a 1.25% floor. The issue was upsized from USD 850m equivalent at launch and the proceeds of the Ba3/ B rated notes will be used to...Read more

Structured Finance Weekly Wrap: Four Seasons...

RESTRUCTURING Four Seasons Health Care, which is preparing to refinance more than STG 700m of debt in the coming months, reported pro rata consolidated EBITDA of STG 100.6m in the year to September 2011, up STG 3.5m on prior year and comfortably over the STG 95.5m minimum EBITDA covenant test. Interest cover was 1.72x vs. 1.46x test. The company...Read more

‘Save the date’ notice for European cable...

High yield investors have been invited to attend a lunch at the Andaz Hotel in London at 12.30 on Monday 6 February for a new issue from an unnamed Western European cable company. The issue is expected to be euro-denominated and have single B ratings. Speculation as to the identity of the issuer is centred on Numericable according to...Read more

Leveraged Loans Weekly Wrap: details of...

PIPELINE Details of a fully underwritten dual currency (euro and SEK) c. SEK 7.95bn (EUR 881m) staple financing provided by Goldman Sachs and Nordea in support of the auction of Ahlsell emerged this week. The all-senior structure is split between SEK 223m (EUR 25m) of finance leases, a SEK 1.75bn (EUR 194m) six year TLA paying +500-+525bps, SEK...Read more

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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.

1,200+ Real-time news on and analysis of 1,200+ corporate borrowers	1,300+ Extensive deal database of 1,300+ Leveraged Loan syndications dating back to 1 January 2000
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