Loans People

Investment Grade

• Bond market switch shows US model is here
• Telefónica’s Vivo deal sealed with Eu8bn loan
• FROB’s Eu3bn loan may provide lifeline for cajas
• Close Brothers to reduce loans with £200m revolver
• Vivendi pricing could set worrying precedent
• Carrefour pushes deal up to Eu1.75bn on heavy demand
• Iliad wraps up Eu1.4bn deal as it enters mobile market
• Aegis completes revolver before Australian acquisition
• Gestamp puts foot down with oversubscribed term loan
• HMV takes early refi
• AE&E extends guarantee line to 2013
• Wolters Kluwer extends maturity with new loan
• Reed Elsevier pushes back forward start to 2013
• National Express rolls home with refi
• Gestamp puts foot down with oversubscribed term loan

Emerging Markets

• Busy IBA preps August deal after signing three year loan
• Aabar dodges guarantee concerns to get over line
• Suek makes progress as banks brace for TNK-BP pricing
• Isbank follows Akbank and Vakif with two year loan
• Metinvest flies in syndication as it increases PXF to $700m
• Ukraine’s Kernel reaps commitments
• Wimm-Bill-Dann readies RFP
• Mol cancels Eu1bn of unwanted debt
• Sisecam cuts margin as EM firms seek to reprice 2009 deals
• Deutsche hires Walker for EM loans and Avot for trade finance
• Suek makes progress as banks brace for TNK-BP pricing
• Aabar gets over the line despite concerns about implicit guarantess
• San Miguel’s glass half full as it aims for bumper loan
• Trafigura sounds out China with $850m deal
• Arief Singapore markets S$585m refinancing loan

Leveraged Finance

• Picard splits debt between Eu655m loan and HY bond
• Banks put up $3bn to back Tomkins buy-out
• Markit Data 1165
• Picard splits debt between Eu655m loan and Eu300m HY bond
• Study Group pays bumper fees for LBO financing
• Loan, bond mix to back Picard Surgelés LBO