The request by a minority shareholder for a special auditor at VIB to investigate the €250m loan (maturing in July 2025) to Branicks is a negative for
Read MoreWith the squeeze out of minorities at the S Immo level, we are not surprised that CPI and Immofinanz are looking at a possible combination of
Read MoreWho leaked our IM? £200m happens to be the precise requirement we modelled to reach the deal. We are hearing rumours / reading
Read MoreThe rating agencies are slowly downgrading over £10 billion of Thames Water bonds (issued via a whole business securitisation) from investment grade to junk. The consequences are
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The FT have published some vague details on Altice’s financing concerning its stake in BT. Drahi’s stake is worth c. £3.5bn and the FT are reporting
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If the latest iteration of the capital raise is completed, it is a positive for bondholders (and the Amodio family). However, nothing is over the finish
Read MoreIllinois failed to follow its laws in awarding a $323m contract to upgrade a Chicago Toll Road, and OHLA has been disadvantaged, but
Read MoreWe have said since the beginning that the banks are pushing the capital increase. The latest piece confirms this and underlines that
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Just as this name becomes all about the servicing business, margins in the segment are improving significantly. After hiring new
Read MoreToday the German manufacturer of premium engineered wood products launched an amend and extend of its existing sustainability-linked senior
Read MoreAntolin today priced their €250 million senior secured notes due 2030 at 10.375%. Use of proceeds is to refinance the existing
Read MoreIn the King’s Speech, the newly elected labour government has signalled a series of new regulations which include making water company bosses face
Read MoreThe latest iteration on the equity raise would be positive for creditors, but there is a long way to go. We doubt the banks will release the collateral until
Read MoreMoody’s changed the outlook to negative for Rekeep’s bonds citing the same issues we have previously written about - the poor cash conversion and upcoming
Read MoreAccentro is shaking a stick at bondholders, and a StaRUG process is coming. Investor patience will be thin at a third non-court restructuring in
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