Carlyle’s credit opportunities fund provided a full €400m unitranche financing for Infront, after the Swiss sports marketing company opted to switch tracks from its original syndicated loan, launched in April.
Carlyle’s credit opportunities fund provided a full €400m unitranche financing for Infront, after the Swiss sports marketing company opted to switch tracks from its original syndicated loan, launched in April.
French engineering company Vallourec has launched its €300m rights issue, a crucial part of its restructuring, which will help return its balance sheet to a sustainable footing, but leave Apollo and Strategic Value Partners, creditors of the firm, as the largest shareholders.
Fintech payments provider Paysafe has launched a refinancing of its remaining credit facilities, following its $9bn merger with a Bill Foley-controlled Spac, which closed in March. The merger and its accompanying PIPE allowed the firm to pay down debt and cut its leverage, and now it wants to lock in the benefits with a lower-cost refi.
By Owen Sanderson
03.30 PM
Rochester No. 2, a legacy non-conforming RMBS, will be refinanced in a new transaction, leading to the redemption of the notes three months later than expected. However, two Irish deals where Pimco also held the call rights are still outstanding, with no redemption notice yet served.
Bank of America announced Rochester Financing No. 3 on Wednesday, a £230m non-conforming RMBS backed by the portfolio previous securitized in Rochester No. 2.This was, at issue, a highly unusual deal Deutsche Bank’s non-core unit sold the portfolio into the securitization, with OneSavings Bank, a totally
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