Adler are iteratively refinancing first their 1L and now their 1.5L bonds - the latter with a new 10% PIK at 0.75% OID. The 1.5L is de-risking from the refinancing of the
Read MoreFlora is tapping their 2029 notes with an additional €250m bonds, with Use of Proceeds used to redeem the 2026 $ and Euro bonds. The 2029 bonds
Read MoreHeimstaden AB has successfully extended its maturity profile cheaper than we had expected. Heimstaden AB issued €430m 5NC3 bonds at 8.375% and
Read MoreThe acquisition of KCA Deutag by Helmerich & Payne was completed on the 16th of January. H&P acquiring the outstanding equity successfully exits
Read MoreThe French contract caterer is coming with a new €500m deal - slightly smaller than the existing €550m notes. The company recovered
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Stonegate continues to do better than we thought, as L&T continues to do well. Managed Pubs and Operator Led are continuing their decline while
Read MoreWe expect the recommencement of articles on Altice SFR France over the coming days as investors refocus on the imminent restructuring. The €381m of
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A Q4 revenue increase of 17.5% is quite an achievement. Naturally, the caveat here being that this is not what’s directly driving the
Read MoreSBB released a statement this morning that Fir Tree will drop its legal proceedings in relation to its EMTNs. Well played SBB.
Read MorePaul Coulson and Ardagh’s CFO have resigned from the board of to-be-restructured ARD Finance, the issuer of the
Read MoreWith EG Group dominating the headlines over the weekend regarding IPO chatter later this year, Asda's headlines are more sobering. Following a poor
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We understand the company has not paid coupon this month. We have been expecting negotiations to
Read MoreThe retirement of the company’s main plant in Poland had been discussed and is genuinely aimed at improving operations and resource
Read MoreTullow Oil is in the process of identifying the 2026 SSN holders, which some see as a precursor to a liability management exercise. Senior Secured Bondholders have
Read MoreTimes have changed. Heimstaden AB, the holding Company, are contemplating an Amend and Extend for its two 2025 SEK bonds and 206 Euro bonds. This
Read MoreAfter the confirmation of its Ch11 proceedings in Texas, Intrum have now also received approval from the Stockholm district court. Given the
Read More50% sign-up to the restructuring plan is still a long way off. Initial levels at Intrum have been similar, but Intrum got a big boost when the 2024s rolled
Read MoreVictoria Plc released a Q3 update, confirming its trading outlook expectations to be in line with market consensus. Overall, market consensus is
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