Kem One bondholders have appointed Paul Hasting as legal adviser as the Company struggles with continued weakness in the PVC market. It is reported that
Read MoreTo follow up on yesterday’s call, we have corrected the coupon and maturity for the existing Intlesat bond, where we have had erroneous information in
Read MoreWe would like to see the list of conditions attached to the equity bids that have come in. After Castle Water’s 4bn rescue plan, the Covalis / Suez/ Kraken bid this
Read MoreThe success of the Rights Issue means that no dilutive convertible was needed. The Amodio family has a 21.6% stake, as they had
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The 5pt drop in Graanul bond price reflects the realisation that refinancing isn’t imminent. The Company presentation yesterday highlighted the
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Iceland have just released their Q3 numbers, with a conference call to follow at 2 pm. Iceland continues to grow volume, up 8%, giving up a little gross
Read MoreThe Graanul call has just ended. Due to overlapping call schedules we are only listening to a replay now. We will revert with an update.
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The numbers are OK but don’t justify the 15% increase in share price seen this morning. However, the rally in the equity and bonds this morning is more likely to do with
Read MoreRekeep’s investor call for the launch of a new €350m 4.5yr, 9.5% at 97.5% (c.10.3% yield) has only just ended. Proceeds plus cash on the balance sheet shall be
Read MoreToday is the big day - in theory. Like most participants, we don’t think that the current state of information and government commitment is far
Read MoreSVP are playing nice. The deal is simple enough - and a lot simpler than we thought. Exchanging into 2L bonds is clearly coercive, but even a
Read MoreDrax confirmed in a RNS that it has a Heads of terms agreed with UK Government for low carbon dispatchable CfD, ensuring Drax’s biomass plants
Read MoreWhile we await the finalised restructuring proposal at Atlice France, S&P have downgraded Altice International's structure, with the Senior Secured Notes downgraded to CCC+ and the
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Both satellite companies may be in line for further clearing of the C-Band spectrum. Following recent compensation payments for the initial clearing of
Read MoreAppointing a non-executive to focus on growing the convenience business whilst looking for a CEO seems an odd priority to us. However, as
Read MoreThe closure of the Dolton plant will not have a major impact on Ardagh’s business, but it does underline that the weakness in glass packaging in the US is
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A couple of takeaways from the Emeis (Orpea) numbers this morning relevant to Clariane. Price increases will likely be more subdued in FY25 across the
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