M&G provided the £200m refinance loan to refinance the Ribbon CMBS, which we expect is sized and priced to allow the loan to port if Vivion chose
Read MoreRumours of a sale of Telemach in Croatia have surfaced before and been rejected by the company. United is actively seeking to part sell its
Read MoreBuying a generics business for €3bn seems a stretch unless Bain is willing to put a lot of equity into the deal. The new issue market is thawing, but
Read MoreNot the first time a replacement for David Potts has appeared in the press. A former CEO of Aldi would be a good call as Aldi recently replaced Morrisons as
Read Morefamily office will remain in control of feed prices for Boparan after 2 Agriculture abandoned its plan to merge its feed business to
Read MoreThe deadline for contesting the refinancing resolutions passes and subsequently, the final step is court approval. If the courts refuse to approve the resolutions,
Read MoreOrpea released its FY22 revenue numbers as part of a wider statement this morning, which is in line with the guidance previously given. In addition to the
Read MoreWith leverage below 1.5x (expected to be 1.3x) the question of bond buybacks is rising with bondholders. The Company are obliged to buy back $100m of the Senior Secured
Read MoreFollowing their FY22 numbers earlier this week, AMS Osram management are on the road meeting investors to shore up support. We understand the Company CFO is
Read MoreFollowing a comment from one of you, we have added the full cash interest on the bonds to the forward-looking cashflows. We have also taken the
Read MoreThe company is placing another 7.2% of Pepkor shares to retain only 43.8% thereafter. Not knowing the legal specifics, we think that breaking
Read MoreThe company received the green light from SA to call its AGM, which is now “to be held on Wednesday, 22 March 2023, at 13:00 CET at Muziekgebouw aan ‘t IJ, Piet Heinkade 1, 1019 BR Amsterdam, the Netherlands, and which will
Read MoreThis morning’s Q3 results are just under our model, with EBITDA heavily impacted by energy prices. The impact YTD (April-Dec) is an £81m increase in energy costs, which has
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As often is the case, the actual numbers reported this morning are of secondary consideration, with analysts and markets focused on the poor
Read MoreAs we await FY22 results, Casino continue to drip feed announcements about further purchases and cancellations of their Notes. As announced last night, the Company
Read MoreAfter our update on Vivion last week, we have adjusted our DCF model resulting in a still manageable 60% LTV.In a year, Vivion will have to deal with
Read MoreKCA Deutag has confirmed the completion of another component of their Saipem onshore acquisition, with the Kuwait component completing. This is in line with
Read MoreYesterday’s Sunday Times carries a negative article on Iceland referring to Coface, a credit insurer who no longer provides credit insurance to suppliers who supply Iceland. In addition to Coface, the article
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