Leveraged Loans Snapshot (EU)
This week’s highlights: • Refinancing activity snaps back, 56% of deals in general syndication • Manufacturing sector dominates the M&A pipeline, accounted EUR 22.7bn or 35%
Diana Apedu Market Analyst, Debtwire Par +44 203 741 1081 [email protected]
Saritha Dantu Ben Watson Market Analyst, Debtwire Par Market Analyst, Debtwire Par +44 203 741 1371 +44 203 741 1185 [email protected] [email protected] Leveraged Loans Snapshot (EU) An Acuris Company
CALENDAR STATS
Over Over EUR 5.3bn EUR 63.5bn EUR 24.6bn 96 Institutional Loans Projected Funding 22 Deals YTD New European Ongoing M&A Situations; in Syndication Requirements Currently in CLO Issuance 5 New Entrants Leveraged Loan This Week Pipeline
Loans in Syndication by Use of Proceeds
Dividend Share (%) Recap, 1% Dividend Recap 0.1
M&A, 42% M&A 3.5
Refinancing, 56%
Refinancing 4.6
0.0 1.0 2.0 3.0 4.0 5.0 Volume (EUR bn)
Source: Debtwire Par 2 M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
SK Chemicals, Cornerstone Capital, LG AnQore CVC, Royal DSM €75m €450-525m Netherlands Final Round N/A Lazard Chem
Armacell Blackstone, Kirkbi €106m €1.5bn TBD Luxembourg Mandated N/A Rothschild
Euroclear Privately-owned N/A €5bn Hellman & Friedman, CVC, GIC Belgium Talks N/A TBD
Group of Butchers Equistone €32m N/A TBD Netherlands Mandated N/A Rothschild
Arma Sentia Waterland €43m N/A TBD Netherlands 1st Round N/A Benelux Partners
SIG Air Handling SIG €30m N/A TBD Netherlands Mandated N/A Lazard International
Signature Foods IK Investments €50m €600-700m TBD Netherlands Talks 1H20 N/A
Vermaat Partners Group N/A €750m TBD Netherlands Mandated N/A GS
Carlyle, Quadriga Ameos Group €72m N/A TBD Switzerland Pre-Mandated 2H19 N/A Capital
APCOA Parking Centerbridge €90m N/A ICG, TDR, Platinum, DWS Germany Final Round November GS,JPM
DACH Artemis Montagu €60m €1bn TBD Germany Rumoured N/A TBD
Permira,Auto1, Apax, Carlyle, Hellman & AutoScout24 Scout24 N/A €2bn Germany Pre-Mandated N/A CS, MS Friedman, Axel Springer Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
BASF Constructions BASF €245m €2.7bn KKR, Carlyle, Cinven/Bain, Lone Star Germany 2nd Round Dec-19 GS Chemicals unit
Bilcare Research Bilcare €30-35m N/A TBD Switzerland IMs Imminent N/A Baird
PAI Partners, Apollo, Rhone Group, Clariant Pigment Claring CHF140m N/A Triton Partners, Advent, Bain Capital, SK Germany Mandated 2H19 DB Capital Partners/Heubach
Morgan Deutsche Glasfaser KKR N/A €1.5-2bn TBD Germany Mandated 15/11/19 Stanley
eBay Classifieds Group eBay N/A $12bn PE funds USA/UK Talks N/A TBD (Gumtree)
ELL KKR N/A €1bn TBD Austria Rumoured N/A TBD
DACH Hensoldt KKR N/A €2bn TBD Germany Mandated N/A BAML, JPM
Evercore,Rot Inexio Warburg Pincus N/A €1bn TBD Germany Mandated N/A hschild
MEININGER Hotels & Cox & Kings €40m €600m Undisclosed private equity firms Germany 2nd Round N/A Lazard Hostels
Bregal Novem N/A €1.5bn TBD Germany Rumoured 2H19 TBD Unternehmerkapital
Real Metro €143m €1bn Redos Germany Exclusive Talks N/A TBD
Renk Volkswagen €80m N/A TBD Germany Rumoured N/A TBD Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
Schur Flexibles Lindsay Goldberg €70-80m €800-900m TBD Austria Mandated N/A GS
Solvay (Engineering Carlyle, SK Capital, Ardian, APAX, Bain, BASF €60m €360-420m Germany 2nd Round N/A Lazard Plastics Business) PAI Partners, Lanxess
Robert W. Spandex Chequers Capital €50m N/A TBD Switzerland Mandated Early 2020 Baird
Apollo, Bain, Blackstone, Carlyle, KKR, DACH ThyssenKrupp (Elevator CVC, Kone Oyj, Partners Group, ThyssenKrupp €2537m €15bn Germany Talks Autumn TBD Business) Schindler, Otis, Hitachi,Consortium of ADIA, Cinven &Advent
SocGen, Tranquilidade Apollo N/A €600m Ageas, Allianz, Assicurazioni Generali Portugal Final Round N/A Jefferies, Arcano
Towerbrook Capital Partners,Advent International, Bain Capital, CapVest, Biscuit International Qualium €115m €650m Clayton Dubilier & Rice, KKR, PAI France 1st Round 29/10/19 Natixis Partners, Platinum Equity, Qualium, Blackstone
Cerelia Group IK Investments €65m N/A TBD France Rumoured 1Q20 TBD
Permira, Advent International, CVC, Rothschild & Curium Pharma CapVest €150m €1bn France Mandated 4Q19/1Q20 Cinven Cie, KPMG
DWK Life Sciences One Equity €50-60m N/A TBD Germany Mandated 4Q19 Jefferies (formerly DURAN Group) France
Labeyrie Fine Foods PAI Partners €96m €1bn Kharis Capital France Mandated N/A BNP, PwC
Mapa Spontex Newell €55m N/A TBD France On Hold N/A GS
Trade bidders; O'Reilly Auto Parts, Parts Holding Europe Bain Capital €150m N/A France Mandated N/A Rothschild Autozone Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
Perrenot Management-owned €30-40m N/A Ardian,Sagard France Mandated N/A Transaction R
Photonis Ardian N/A €500m TBD France Mandated N/A Lazard
Provalliance Family-owned €60m N/A Ardian, HIG, Bridgepoint France Mandated N/A UBS
Solina Ardian €70-75m €1bn Ajunomoto, Mitsubishi France Pre-Mandated N/A N/A
Teads Altice Europe €60m €1.4-2.2bn TBA France Rumoured N/A
Trigo Ardian €55m N/A TBD France Mandated 4Q19 DB
Rothschild, Verallia Apollo €580m €4.8-6bn TBD France On Hold N/A France Barclays
Verastar Vitruvian £40m N/A Sun Capital, TDR, more Pes UK Mandated N/A Jefferies
Treasury Wine Estates, PAI Partners, Pernod Ricard (wine unit) Carlyle €100m €692m France Mandated N/A BAML, CS KKR, TPG, Bain, Coca Cola Amatil
Perrenot Management-owned €30-40m N/A Ardian,Sagard France Mandated N/A Transaction R
Photonis Ardian N/A €500m TBD France Mandated N/A Lazard
Provalliance Family-owned €60m N/A Ardian, HIG, Bridgepoint France Mandated N/A UBS
Landal, Center Parcs, investment Roompot Vakanties PAI Partners €72m €1bn France Talks 1H20 TBD companies Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
Solina Ardian €70-75m €1bn Ajunomoto, Mitsubishi France Pre-Mandated N/A N/A
Teads Altice Europe €60m €1.4-2.2bn TBA France Rumoured N/A
Trigo Ardian €55m N/A TBD France Mandated 4Q19 DB France
Rothschild, Verallia Apollo €580m €4.8-6bn TBD France On Hold N/A Barclays
Verastar Vitruvian £40m N/A Sun Capital, TDR, more Pes UK Mandated N/A Jefferies
JPM, SEB, Diaverum Bridgepoint €142.5-150m €500m TBD Sweden IMs Imminent 01/10/19 Carnegie
Foreo Privately-owned N/A $1bn Private equity sector Sweden Rumoured N/A Rothschild
Lender Nordea, Frontmatec Axcel €42m N//A TBD Denmark N/A Education William Blair
Nordics Stockmann (Lindex Stockmann TBA Finland Mandated N/A Nordea business)
Trustly Nordic Capital €60m €1bn TBD Sweden Mandated N/A Citi
Evercore,BA Accelya Warburg Pincus €80m N/A PAI Partners,Bridge Point Spain Mandated N/A ML
SE Nationale Nederlanden, Helvetia, Ageas, Barclays, Covea, Abanca, €1bn- Caser Seguros N/A Cinven, Anacap, Mapfre, Covea, Spain Mandated N/A Clifford Liberbank, Unicaja €1.5bn CaxiaBank Chance Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
Cigierre BC Partners N/A €500m Premira, Cinven, Apax Partners Italy Mandated 1Q20 Rothschild
Dainese Investcorp €35m €400-500m Permira Italy Final Round N/A Lazard, EY
DFE Pharma (DMV- Fonterra Co-operative €50m N/A TBD Germany Mandated N/A GS Fonterra Excipients) Group
Ambienta, FSI SGR, Tikehau, Space Euro Group Family-owned €36m N/A Italy 1st Round N/A TBD Holding, TowerBrook
Ferrovial Servicios Ferrovial €230m €2.5bn Apollo, Apax Spain Final Round N/A GS
Lender Harris Fitness World FSN Capital, Kirkbi €55m €400m TBD Denmark N/A Education Williams
Golden Goose Carlyle €60-70m €1.2-1.3bn TBD Italy Mandated 2H19 BAML
Southern Europe EQT, Nets, Worldline, KKR, Nordic JP Morgan, Heidelpay Anacap €40.5m €700-800m Germany 2nd Round N/A Capital, Corestar
Hypo Alpe Adria (Italy Hypo Alpe Adria Bank N/A N/A TBD Italy Rumoured N/A N/A division)
One of the bidders is a private equity firm, Lincoln Panini Waterfall N/A €1bn Italy Mandated N/A The Topps Company International
KKR, CVC, Clayton Dubilier & Rice, Bain Poundland Pepkor Europe N/A N/A UK Talks N/A TBD Capital, Apax, Advent
Fabio Gallia, Prima Sole Components Privately-owned €70m N/A TBD Italy Mandated 30/11/19 Equita
Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation
Rovensa Bridgepoint N/A €600-700m TBD Spain Rumoured N/A TBD
Chiomenti, Rino Mastrotto Privately-owned €44m N/A NB Renaissance Italy Exclusive Talks N/A Banca IMI
Rx Perrigo $250-300m N/A Apollo, CVC, Carlyle, Altaris, Cerberus Ireland 1st Round N/A Barclays
Saba Aparcamientos Criteria Caixa €106m N/A Macquarie, First State, PSP, Arcus Spain Mandated Summer 2019 AZ Capital
Banca Imi, KKR,Warburg Pincus, Permira, Partners Telepass Atlantia €150m €600m Italy Mandated N/A Mediobanca, Group and Apax Partners GS
Ursa Lone Star TBD Spain Mandated N/A GS Southern Europe
Potential buyers including private equity Varta Energizer €50m N/A Germany IMs Out N/A Barclays firms Marlborough Visolit (formerly Partners, IK Investments €59m N/A TBD Norway On Hold 2Q19 TeleComputing) Arma Partners Advent, BC Partners, Bridgepoint, Vivanta Portobello Capital €45m €585-630m Spain Postponed N/A Moelis Cinven, KKR, PAI
Jaguar Land Rover, Uber, Ola Cabs, PE Addison Lee Carlyle N/A £800m UK Mandated N/A BAML funds
Carlyle, KKR, Cinven, EQT, Partners Althea Permira €80m €800m UK 1st Round 2H19 GS Group, BC Partners, Bain UKI
Arriva Deutsche Bahn €575m €3bn Carlyle, Apollo UK Final Round N/A DB, Citi
Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation Harris Big Bus Tours and The Exponent $100m N/A TBD UK Mandated N/A Williams, Leisure Pass Group BAML
Rhone Capital, Warburg Pincus, Wendel, Cash Solutions G4S £165m £1.5-1.8bn UK Pre-Mandated 2H19 TBD Blackstone
Dr Martens Permira £80m £910m TBD UK Rumoured N/A GS, Baird
Engineering Ingegneria Apax, NB Renaissance N/A €1bn BC Partners, Permira Italy Rumoured N/A TBD Informatica
Hain Daniels Group PAI Partners N/A N/A The Hain Celestial Group UK Talks N/A TBD
Independent Clinical Towerbrook £65m N/A TBD UK Mandated Early 2020 BAML Services (ICS)
UKI IQ Student GS,MS, GS,Wellcome Trust N/A £2bn TBD UK Mandated N/A Accomodation (IQSA) Eastdil Thermo Fisher Scientific, Danaher, Blackstone, Carlyle, CVC, EQT LGC KKR £142m €2.3-2.9bn Partners/Novo Holdings, Advent, Bain, UK IMs Out N/A JPM Cinven/Astorg/ADIA, Nordic Capital, Leonard Green MSX International (RNS Bain $80-85m N/A TBD UK Mandated N/A GS unit)
Blackstone, CVC, Charterhouse, Permira, NES Global Talent AEA Investors $100m N/A UK Mandated N/A Baird Manpower Group, Carlyle Group
PA Consulting Group Carlyle N/A N/A TBD UK Rumoured N/A HSBC, JPM
Pets at Home Publicly listed N/A £918m Interest from private equity firms UK Talks N/A TBD
Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company M&A Calendar
Deal Size/ Target(s) Seller(s) EBITDA Bidder(s)/Buyer(s) Country Stage Deadline Advisor(s) Valuation Anchorage Capital Deutsche PHS Partners, Prudential, N/A £600m TBA UK Mandated N/A Bank KKR, Monarch
Target trade bidders, some private equity Jefferies, Riemser Ardian €46m N/A Germany Talks N/A firms Rothschild
Cinven, Blackstone, Bain Capital, BC Smiths Medical Smiths Group N/A N/A UK Talks N/A TBD Partners, KKR, Premira
ADCO Umweltdienste TOI TOI & DIXI €90-110m €700-800m Triton, Core Equity, Apax , EQT Germany Final Round N/A Citi Holding UKI CVC,Partners Group, Cinven, Carlyle, Lazard,CS, VFS Global EQT €120m $2.54m Hellmen & Freidman, PAI, PAI, Premira, Switzerland On Hold N/A Citi KKR, Baring, Onex, CPPIB
Vue International OMERS, AIMCo €144m £2bn TBD UK Rumoured Autumn2019 JPM
Waterlogic Castik Capital N/A €2bn TBD UK Mandated N/A GS
Bold and underlined targets indicate new entries Source: Debtwire Par, an Acuris company Projected Large Cap Funding Requirements
M&A Pipeline – BY REGION M&A Pipeline – BY SECTOR
Benelux DACH France Nordics Southern Europe UKI
10.8, 17% 7.8, 12%
6.5, 10%
1.2, 2%
8.6, 14% 28.6, 45%
Volume (EUR bn)
Based on M&A calendar Assumes 4x EBITDA or 40% equity, when not given Source: Debtwire Par, an Acuris company Deals in the Market
Issuer Institutional Pricing Pro rata Bank Commitment Name Sponsor Country Purpose Stage Pricing OID Bookrunner(s) Rating € Stage € Meeting date
Kantar Bain UK TBD LBO General 750 Revised E+ 500bps 97 350 BAML, GS 2-Oct-19 23-Oct-19
E+ 475bps- Axel Springer KKR Germany B LBO General 725 Initial 99.5 109* UC, KKR 14-Oct-19 30-Oct-19 500bps
CRH Plc (European E+ 425bps- GS, BAML, BNPP, CS, Blackstone UK B/B2 LBO General 1,213 Initial 99.5 180 17-Oct-19 30-Oct-19 Distribution 450bps MUFG, NW, SMBC Network)
Affidea - Spain B+/B2 Refinance General 450 Initial E+ 400bps 99.5 130 GS 17-Oct-19 30-Oct-19
100.25- Dividend Belron D'Ieteren UK BB/Ba3 General 100 Initial E+ 275bps 100.5, - JPM, BAML, ING, BNP 21-Oct-19 25-Oct-19 Recap 12.5bps
DomusVi ICG France B/B1 Refinance General 1,170 Initial E+ 300bps 7.5bps 130 BNP, CACIB, DB, Nat 22-Oct-19 29-Oct-19
Casino - France B+/B1 Refinance General 750 Initial E+ 550bps 99 2,000 BNP, CS 24-Oct-19 7-Nov-19
Inspired Acquisitio -UKB/B2 General 150 Initial E+ 350bps 99.75 - HSBC 23-Oct-19 29-Oct-19 Education n
*Indicates where debt size is not yet known and a 40% equity contribution is assumed Source: Debtwire Par, an Acuris company Deals consist of mandated, to loans in general syndication Deals Coming to Market
Issuer Pro rata Bank Commitment Name Sponsor Country Purpose Stage Institutional Bookrunner(s) Rating € Meeting date €
eFront BlackRock France TBD SBO Mandated 600 90 MS, CS, more TBD TBD TBD
Prisa - Spain B/B2 Refinance Mandated 1,200 180* MS, GS, JPM, BAML, HSBC TBD TBD
Cellnex Telecom Iliad Spain BB+/BBB- Acquisition Mandated 2,230 335* Santander, Unicredit, DB TBD TBD
Solidus Centerbridge Netherlands B- LBO Mandated 180 50 Barclays, NatWest TBD TBD
Cobham Advent UK TBD LBO Mandated 2,488 305 CS, Citi, GS TBD TBD
Emera Naxicap, Ardian France TBD LBO Mandated 210 60 CA, CIC, ING, LCL TBD TBD
Stonegate TDR Capital UK B-/B2 Acquisition Mandated 2,417 220 Barc, GS, Nom TBD TBD
Sophos Thoma Bravo UK TBD LBO Mandated 1,970 125 GS TBD TBD
Vermaat Bridgepoint Netherlands TBD LBO Mandated TBD - SMBC TBD TBD
Evoca Lone Star Italy B/B2 LBO Pre-Mandated 1,000* 150* TBD TBD TBD
Groupe ECF Naxicap France TBD Refinance Pre-Mandated 220* 33* TBD TBD TBD
Ferrovial Servicios Ferrovial Spain TBD LBO Pre-Mandated 1,300* 195* TBD TBD TBD
Deals consist of mandated, to loans in general syndication *Indicates where debt size is not yet known and a 40% equity contribution is assumed Source: Debtwire Par, an Acuris company Deals Coming to Market
Issuer Pro rata Bank Commitment Name Sponsor Country Purpose Stage Institutional Bookrunner(s) Rating € Meeting date €
Young's Seafood CapVest UK TBD LBO Pre-Mandated TBD - TBD TBD TBD
Omnicare Pharma Equistone Germany TBD SBO Pre-Mandated 150* 23* TBD TBD TBD
Deals consist of mandated, to loans in general syndication *Indicates where debt size is not yet known and a 40% equity contribution is assumed Source: Debtwire Par, an Acuris company Loan Pipeline
€30
€25
€20
€15 Volume (Billions)
€10
€5
€0 Jul-17 Jul-17 Jul-18 Jul-18 Jul-19 Jul-19 Jan-17 Jan-17 Jan-18 Jan-18 Jan-19 Jan-19 Jun-17 Jun-17 Jun-18 Jun-18 Jun-19 Jun-19 Sep-16 Sep-17 Sep-17 Sep-18 Sep-18 Sep-19 Sep-19 Oct-16 Oct-16 Oct-16 Oct-17 Oct-17 Oct-18 Oct-18 Oct-19 Oct-19 Apr-17 Apr-17 Apr-18 Apr-18 Apr-19 Apr-19 Feb-17 Feb-17 Feb-18 Feb-18 Feb-19 Feb-19 Dec-16 Dec-16 Dec-17 Dec-17 Dec-18 Dec-18 Aug-17 Aug-17 Aug-18 Aug-18 Aug-19 Aug-19 Nov-16 Nov-16 Nov-17 Nov-17 Nov-18 Nov-18 Mar-17 Mar-17 Mar-18 Mar-18 Mar-19 Mar-19 May-17 May-17 May-18 May-18 May-19 May-19
Institutional Non-Institutional
Senior tranches syndicated in Western Europe Deals consist of pre-mandated and mandated to loans in general syndication Source: Debtwire Par, an Acuris company Recently Closed Deals
Name Sponsor(s) Country Issuer Rating Purpose Stage Institutional € Pricing Stage Pricing OID Prorata € Bookrunner
Galileo Global Providence Luxembourg B/B2 Refinance Closed 720 Final E+ 325bps par - JPM, BNP, DB, ING
E+ 525bps/L+ Staci Group Ardian France TBD SBO Closed 268 Final 98.5/99 50 Nat, SG, SMBC 500bps Kirkbi, Merlin BAML, DB, Barc, HSBC, Blackstone, UK BB/Ba2 LBO Closed 1,414 Final E+ 300bps 99.75 434 Entertainments Miz, UC CPPIB
CVC, Tethys, Sebia France TBD GCP Closed 100 Final E+ 300bps par - Nomura CDPQ
Biscuit Qualium France TBD Acquisition Closed TBD Final E+ 450bps - - BNP, BoI International
Dividend Infinitas Compass Netherlands TBD Closed 400 Final E+ 425bps 99.5 - CS, Rabo Recap
Dividend IFS EQT Sweden TBD Closed 627 Final E+ 375bps par - MS, Nordea, SEB Recap
VodafoneZiggo - Netherlands B+/B1/B+ Refinance Closed 2,250 Final E+ 300bps 100* - BNP, GS
E+ 300bps, 1% Finastra Vista UK B-/B3 GCP Closed 881 Final 99.75 - MS floor
DB, UBS, UC, BNP, Comm, ADCO Apax Germany B/B2/B SBO Closed 475 Final E+ 400bps 99.5 - Nat
Holtzbrink, BC E+ 325bps + Springer Nature Germany B+/B2 Refinance Closed 2,220 Final par 250 JPM Partners 0.5% floor
Avast - Czech Rep. BB/Ba2 Repricing Closed 550 Revised E+ 250bps par - CS
*Indicates where debt size is not yet known and a 40% equity contribution is assumed Source: Debtwire Par, an Acuris company CLO Issuance
6.0 €
5.5 €
5.0 €
4.5 €
4.0 €
3.5 €
3.0 €
2.5 € Volume (Billions)
2.0 €
1.5 €
1.0 €
0.5 €
0.0 €
Further details available on creditflux.com New money issues only, reissues not included Source: Creditflux, a Debtwire sister company and an Acuris company Last 10 CLO Issues
CLO Manager Arranger Size € Status AAA (bps) BB (bps) Month
Seapoint Park CLO DAC Blackstone/GSO Bank of America 406.00 Priced E+ 90 E+ 649 Oct‐19
Capital Four CLO I DAC Capital Four Goldman Sachs 385.00 Priced E+ 93 E+ 647 Oct‐19
Rockford Tower Europe Rockford Tower Citi 408.48 Priced E+ 92 E+ 603 Oct‐19 2019‐1
Anchorage Europe 3 Anchorage Barclays 411.28 Priced E+ 92 E+ 604 Oct‐19
RRE 3 Redding Ridge Goldman Sachs 403.55 Priced E+ 91 E+ 495 Oct‐19
BlackRock Euro IX BlackRock Credit Suisse 407.00 Priced E+ 90 E+ 632 Oct‐19
Northwoods Capital 19 Angelo Gordon Bank of America 405.50 Priced E+ 100 E+ 97.01 Sep‐19 Euro
MacKay Shields MacKay Shields JP Morgan 358.80 Priced E+ 93 E+ 655 Sep‐19
Contego VII Five Arrows Managers Morgan Stanley 459.90 Priced E+93 E+618 Sep‐19
Adagio VIII Axa IM Barclays 373.45 Priced E+93 E+603 Sep‐19
Open the CLO hyperlink for further details on creditflux.com Source: Creditflux, a Debtwire sister company and an Acuris company New money issues only, reissues are excluded An Acuris Company
Leveraged Loans DEBTWIRE PRIMARY ISSUANCE TEAM DEBTWIRE PRIMARY (continued) Colm Doherty, Global Head of Primary Abhilash Pillai, Team Leader – Primary Snapshot Market Analysis, Issuance, +1 212 390 7838 [email protected] [email protected] Shivraj Shetty, Senior Data Analyst Sadaf Khan, Global Head of Fixed Income [email protected] Data, Bhavin Mehta, Senior Data Analyst, [email protected] [email protected] Weekly Jason Huang-Jones, Head of APAC Fixed Manohar Vasnani, Senior Data Analyst, Income Data, [email protected] [email protected] Prathana Singh, Senior Data Analyst, Nancy Tai, Head of Americas Fixed Income [email protected] DEBTWIRE SALES Data, Anurag Rai, Data Analyst, Angus Codd, Head of Sales, Fixed Income EMEA [email protected] [email protected] +44 (0)20 3741 1002, Darren Maharaj, Head of EMEA Fixed Bhavik Gandhi, Data Analyst, [email protected] Income Data, [email protected] Felipe Poveda Palacios, Head of Sales, UK Buyside [email protected] +44 (0)20 3741 1258, Harshala Avhad, Data Analyst, Wafaa Makhrobi, Market Analyst, [email protected] [email protected] [email protected] William Brayshaw, Head of Sales, Regional, Nikita Shah, Data Analyst, Diana Apedu, Market Analyst, [email protected] +44 (0) 20 3741 1090 [email protected] Piyush Solanki, Data Analyst, [email protected] Ben Watson, Market Analyst, [email protected] [email protected] Pratik Chavan, Data Analyst, Mario Marriott, Senior Market Analyst, [email protected] [email protected] Rajendra Nar, Data Analyst, Victor Mukete, Market Analyst [email protected] [email protected] Sandhya Anchan, Data Analyst, Adrian Lok, Senior Market Analyst [email protected] [email protected] Sanjay Nagda, Data Analyst, Vincent Diagger, Data Associate, [email protected] [email protected] Shirisha Bhoga, Data Analyst, [email protected] Shivangi Dattani, Manager of European Credit Research, Swati Battul, Data Analyst, [email protected] [email protected] Rohan Jain, Data Analyst, [email protected]
20 An Acuris Company
Debtwire is an Acuris company
EMEA Americas 10 Queen Street Place 1501 Broadway London 8th Floor EC4R 1BE New York United Kingdom NY 10036 +44 (0)203 741 1000 +1 212 500 7537 [email protected] [email protected]
Asia Asia One Indiabulls Centre Suite 1602-6 1402, 14th Floor Grand Millennium Plaza Tower 2A 181 Queen’s Road 841, Jupiter Mills Compound Central Hong Kong SB Marg + 612 9002 3131 Elphinstone Road (West) [email protected] Mumbai India [email protected]
Disclaimer
We have obtained the information provided in this report in good faith from sources that we consider to be reliable, but we do not independently verify the information. The information is not intended to provide tax, legal or investment advice. We shall not be liable for any mistakes, errors, inaccuracies or omissions in, or incompleteness of, any information contained in this report. All such liability is excluded to the fullest extent permitted by law. Data has been derived from company reports, press releases, presentations and Debtwire intelligence.