Leveraged Loans Snapshot (EU) - Mergermarket
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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
diana.apedu@acuris.com
Saritha Dantu Ben Watson
Market Analyst, Debtwire Par Market Analyst, Debtwire Par
+44 203 741 1371 +44 203 741 1185
Saritha.dantu@acuris.com ben.watson@acuris.comLeveraged Loans Snapshot (EU) An Acuris Company
CALENDAR STATS
Over Over
EUR 5.3bn
EUR 63.5bn EUR 24.6bn
Projected Funding
96 Institutional Loans
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
M&A, 42%
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 2M&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
Benelux
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
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
DACH
APCOA Parking Centerbridge €90m N/A ICG, TDR, Platinum, DWS Germany Final Round November GS,JPM
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 companyM&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)
DACH
ELL KKR N/A €1bn TBD Austria Rumoured N/A TBD
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 companyM&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.
DACH
Spandex Chequers Capital €50m N/A TBD Switzerland Mandated Early 2020
Baird
Apollo, Bain, Blackstone, Carlyle, KKR,
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
France
Cinven Cie, KPMG
DWK Life Sciences
One Equity €50-60m N/A TBD Germany Mandated 4Q19 Jefferies
(formerly DURAN Group)
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 companyM&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
France
Trigo Ardian €55m N/A TBD France Mandated 4Q19 DB
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
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 companyM&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
France
Trigo Ardian €55m N/A TBD France Mandated 4Q19 DB
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
Nordics
Lender Nordea,
Frontmatec Axcel €42m N//A TBD Denmark N/A
Education William Blair
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 companyM&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
Southern Europe
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
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 companyM&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
Southern Europe
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
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
UKI
Carlyle, KKR, Cinven, EQT, Partners
Althea Permira €80m €800m UK 1st Round 2H19 GS
Group, BC Partners, Bain
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 companyM&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 companyM&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
UKI
ADCO Umweltdienste
TOI TOI & DIXI €90-110m €700-800m Triton, Core Equity, Apax , EQT Germany Final Round N/A Citi
Holding
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 companyProjected 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 companyDeals 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
- UK B/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 syndicationDeals 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 companyDeals 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 companyVolume (Billions)
€10
€15
€20
€25
€30
€0
€5
Sep-16
Oct-16
Oct-16
Oct-16
Nov-16
Nov-16
Dec-16
Dec-16
Jan-17
Jan-17
Feb-17
Feb-17
Mar-17
Mar-17
Apr-17
Apr-17
May-17
May-17
Senior tranches syndicated in Western Europe
Jun-17
Jun-17
Loan Pipeline
Jul-17
Jul-17
Aug-17
Aug-17
Sep-17
Sep-17
Oct-17
Oct-17
Nov-17
Nov-17
Dec-17
Institutional
Deals consist of pre-mandated and mandated to loans in general syndication
Dec-17
Jan-18
Jan-18
Feb-18
Feb-18
Mar-18
Mar-18
Apr-18
Apr-18
May-18
Non-Institutional May-18
Jun-18
Jun-18
Jul-18
Jul-18
Aug-18
Aug-18
Sep-18
Sep-18
Oct-18
Oct-18
Nov-18
Nov-18
Dec-18
Dec-18
Jan-19
Jan-19
Feb-19
Feb-19
Mar-19
Mar-19
Apr-19
Apr-19
May-19
May-19
Jun-19
Jun-19
Jul-19
Jul-19
Aug-19
Aug-19
Sep-19
Sep-19
Oct-19
Oct-19
Source: Debtwire Par, an Acuris companyRecently 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 companyCLO Issuance
6.0 €
5.5 €
5.0 €
4.5 €
4.0 €
3.5 €
Volume (Billions)
3.0 €
2.5 €
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 companyLast 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 excludedAn Acuris Company
Leveraged Loans DEBTWIRE PRIMARY ISSUANCE TEAM DEBTWIRE PRIMARY (continued)
Snapshot Colm Doherty, Global Head of Primary
Market Analysis,
Abhilash Pillai, Team Leader – Primary
Issuance,
abhilash.pillai@acuris.com
+1 212 390 7838
Colm.Doherty@acuris.com Shivraj Shetty, Senior Data Analyst
Sadaf Khan, Global Head of Fixed Income Shivraj.Shetty@acuris.com
Data, Bhavin Mehta, Senior Data Analyst,
Sadaf.Khan@acuris.com Bhavin.Mehta@acuris.com
Weekly Jason Huang-Jones, Head of APAC Fixed Manohar Vasnani, Senior Data Analyst,
Income Data, Manohar.Vasnani@acuris.com
Jason.Huang-Jones@acuris.com
Prathana Singh, Senior Data Analyst,
Nancy Tai, Head of Americas Fixed Income Prathana.Singh@acuris.com
DEBTWIRE SALES Data,
Anurag Rai, Data Analyst,
Angus Codd, Head of Sales, Fixed Income EMEA Nancy.Tai@acuris.com Anurag.Rai@acuris.com
+44 (0)20 3741 1002, Darren Maharaj, Head of EMEA Fixed
Angus.Codd@acuris.com Bhavik Gandhi, Data Analyst,
Income Data,
Bhavik.Gandhi@acuris.com
Felipe Poveda Palacios, Head of Sales, UK Buyside Darren.Maharaj@Acuris.com
+44 (0)20 3741 1258, Harshala Avhad, Data Analyst,
Wafaa Makhrobi, Market Analyst, Harshala.Avhad@acuris.com
Felipe.Poveda@acuris.com Wafaa.Makhrobi@acuris.com
William Brayshaw, Head of Sales, Regional, Nikita Shah, Data Analyst,
Diana Apedu, Market Analyst, Nikita.Shah@acuris.com
+44 (0) 20 3741 1090 Diana.Apedu@acuris.com Piyush Solanki, Data Analyst,
William.Brayshaw@acuris.com Ben Watson, Market Analyst, Piyush.Solanki@acuris.com
Ben.Watson@acuris.com Pratik Chavan, Data Analyst,
Mario Marriott, Senior Market Analyst, Pratik.Chavan@acuris.com
Mario.Marriott@acuris.com Rajendra Nar, Data Analyst,
Victor Mukete, Market Analyst Rajendra.Nar@acuris.com
Victor.Mukete@acuris.com Sandhya Anchan, Data Analyst,
Adrian Lok, Senior Market Analyst Sandhya.Anchan@acuris.com
Adrian.Lok@acuris.com Sanjay Nagda, Data Analyst,
Vincent Diagger, Data Associate, Sanjay.Nagda@acuris.com
Vincent.Diagger@acuris.com Shirisha Bhoga, Data Analyst,
Shirisha.Bhoga@acuris.com
Shivangi Dattani, Manager of European
Credit Research, Swati Battul, Data Analyst,
Shivangi.Dattani@acuris.com Swati.Battul@acuris.com
Rohan Jain, Data Analyst,
Rohan.Jain@acuris.com
20An 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
trial@acuris.com trial@acuris.com
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) trial@acuris.com
Mumbai
India
trial@acuris.com
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