High Yield Group
- Recent Sponsor High Yield Transaction highlights
- Recent Corporate High Yield Transaction highlights
- Recent Restructuring High Yield/Covenant Lite Transactions highlights
Sponsor High Yield transaction highlights
- LimaCorporate (EQT)
€295,000,000 Senior Secured Floating Rate Notes due 2028
Acting for Credit Suisse, *, Global Investment Bank, IMI – Intesa Sanpaolo, Mizuho and UniCredit | Deal Summary
*global investment bank
- Cirsa (Blackstone)
€425,000,000 10.375% Senior Secured Notes due 2027
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS | Deal Summary - Tendam (formerly Cortefiel) (CVC and PAI)
€300,000,000 Floating Rate Senior Secured Notes due 2028
Acting for CVC and PAI | Deal Summary
- Lottomatica (Apollo)
€350,000,000 9.750% Senior Secured Notes due 2027
Acting for Barclays, Deutsche Bank, Credit Suisse, *, J.P. Morgan, UniCredit | Deal Summary
*global investment bank
- Haya Real Estate (Cerberus)
€368,430,000 Senior Secured Notes due 2025
Acting for Cerberus | Deal Summary - Worldwide Flight Services (Cerberus)
€340,000,000 6⅜% Senior Secured Notes due 2027
$400,000,000 7⅞% Senior Secured Notes due 2027
€250,000,000 Senior Secured Floating Rate Notes due 2027
Acting for Cerberus / Deal Summary - United Group (BC Partners)
€500,000,000 5.250% Senior Secured Notes due 2030
€480,000,000 Floating Rate Senior Secured Notes due 2029
Acting for J.P. Morgan, Citi, Credit Agricole, Credit Suisse, KKR and Morgan Stanley - Lottomatica (Apollo)
€400,000,000 8.125% Senior Secured PIK Toggle Notes due 2026
Acting for Barclays, *, Credit Suisse, Deutsche, J.P. Morgan, Morgan Stanley, UniCredit, Apollo Global Securities | Deal Summary
*global investment bank
- Hexaware (Carlyle)
$1,010,000,000 5.375% Senior Secured Notes due 2026
Acting for *, HSBC, Barclays, BNPP, Citi, MUFG, Nomura, Standard Chartered | Deal Summary
*global Investment Bank
- Multiversity (CVC)
€765,000,000 Senior Secured Floating Rate Notes due 2028
Acting for BofA, Deutsche, UniCredit, BNPP, CACIB, Intesa Sanpaolo | Deal Summary - Eolo (Partners Group)
€375,000,000 4.875% Senior Secured Notes due 2026
Acting for UniCredit, Natixis, *, IMI – Intesa Sanpaolo
*global Investment Bank
- Cirsa (Blackstone)
€615,000,000 4.500% Senior Secured Notes due 2027
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jeffries, UBS Investment Bank - United Group (BC Partners)
€300,000,000 4.625% Senior Secured Notes due 2028
Acting for Credit Agricole, BNP Paribas, Citigroup, Credit Suisse, ING, KKR, Morgan Stanley, Raiffeisen Bank International, IMI – Intesa Sanpaolo - SierraCol Energy (Carlyle)
$600,000,000 6.000% Senior Notes due 2028
Acting for J.P. Morgan, Deutsche Bank, Itaú BBA - Philips Domestic (Hillhouse)
€650,000,000 3.125% Senior Secured Notes due 2028
Acting for Hillhouse - Marcolin (PAI)
€350,000,000 6.125% Senior Secured Notes due 2026
Acting for Deutsche Bank, Banca Akros S.p.A – Gruppo Banco BPM, UniCredit, Credit Suisse, IMI-Intesa Sanpaolo | Deal Summary - Gamenet (Lottomatica)(Apollo)
€575,000,000 5.125% Senior Secured Notes due 2025
Acting for Credit Suisse, Barclays, UniCredit Bank, Akros, Deutsche Bank, JPMorgan, Morgan Stanley - Q-Park (KKR)
€90,000,000 3.500% Senior Secured Notes due 2025
Acting for KKR
- AA (Warburg Pincus & TowerBrook Capital Partners)
£280,000,000 61/2% Class B3 Secured Notes due 2050
Acting for Warburg Pincus & TowerBrook Capital Partners
- United Group (BC Partners)
€550,000,000 4.000% Senior Secured Notes due 2027
Acting for JPMorgan, Crédit Agricole, Credit Suisse, KKR, Morgan Stanley, IMI- Intesa Sanpaolo, BNPP, Raiffeisen Bank International, Unicredit - Rubis (I Squared Capital)
€150,000,000 5.625% Senior Notes due 2025
Acting for I Squared Capital | Deal Announcement -
Gamenet (Apollo)
€300,000,000 Floating Rate Senior Secured Notes due 2025
€340,000,000 6.250% Senior Secured Notes due 2025
Acting for Credit Suisse, Barclays, UniCredit Bank, Banca IMI and BNP Paribas -
Miller Homes (Bridgepoint)
£160,000,000 5.500% Senior Secured Notes due 2024
Acting for Bridgepoint -
GEMS Education (CVC)
$150,000,000 Floating Rate Senior Secured Notes due 2026
Acting for CVC -
Rubis Terminal (I Squared Capital)
€410,000,000 5.625% Senior Secured Notes due 2025
Acting for I Squared Capital | Deal Announcement -
United Group (Vivacom) (BC Partners)
€1,625,000,000 Senior Secured Notes €170,000,000 PIK NotesActing for JPMorgan, Credit Suisse, KKR, Banca IMI, BNPP, Crédit Agricole, Morgan Stanley, Unicredit -
Q-Park (KKR)
€425,000,000 1.500% Senior Secured Fixed Rate Notes due 2025€630,000,000 2.000% Senior Secured Fixed Rate Notes due 2027
€400,000,000 2.000% Senior Secured Fixed Rate Notes due 2026Acting for JPMorgan, BoFA Securities, KKR, ABN AMRO, ING, Natwest Markets, Rabobank, ICBC - Assemblin (Triton)
€250,000,000 Senior Secured Notes due 2025
Acting for Triton | Deal Summary
- LHMC Finco 2 S.á r.l/Cirsa (Blackstone)
€400,000,000 7.250%/ 8.000% Senior Secured PIK Toggle Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS | Deal Summary - Eir (NJJ/Anchorage/Davidson Kempner)
€350,000,000 1.750% Senior Secured Notes due 2024
Acting for *
*global investment bank
-
Cirsa (Blackstone)
€490,000,000 Floating Rate Senior Secured Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS
- Salt (NJJ)
€250,000,000 2.625% Senior Secured Notes due 2024
€575,000,000 3.125% Senior Secured Notes due 2026
Acting for *, Citigroup, Credit Suisse, BNP Paribas, Crédit Argicole CIB, HSBC, J.P.Morgan, Société Générale
*global investment bank -
United Group (BC Partners)
€200,000,000 4.875% Senior Secured Notes due 2024
Acting for J.P.Morgan, Credit Suisse, KKR -
GEMS Education (CVC)
$900,000,000 7.125% Senior Secured Notes due 2026
Acting for CVC | Deal Summary -
United Group (BC Partners)
€306,000,000 Senior Holdco PIYC PIK Notes
€550,000,000 Senior Secured Floating Rate Notes
Acting for J.P. Morgan, Credit Suisse, KKR, Morgan Stanley, Crédit Agricole CIB | Deal Summary -
Cirsa (Blackstone)
€390,000,000 4.750% Senior Secured Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS Investment Bank | Deal Summary -
Eir (NJJ/Anchorage/Davidson Kempner)
€750,000,000 3.500% Senior Secured Notes due 2026
Acting for Citi, *, BNP Paribas, JPMorgan, Morgan Stanley, Natixis, Societe Generale | Deal Summary
*global investment bank
-
Cognita (Jacobs Holdings)
€225,300,000 Senior Notes due 2026
Acting for Jacobs Holdings | Deal Summary -
Guala Closures (Space4)
€455,000,000 Floating Rate Senior Secured Notes due 2024
Acting for Space4 -
Worldwide Flight Services (Cerberus)
€400,000,000 6.750% Senior Secured Notes due 2023
€260,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Cerberus | Deal Summary -
Cirsa (Blackstone)
€663,000,000 6.250% Senior Secured Notes due 2023
€425,000,000 Floating Rate Senior Secured Notes due 2023
$500,000,000 7.875% Senior Secured Notes due 2023
Acting for Deutsche Bank, Barclays, UBS, BBVA, Credit Suisse, Jefferies | Deal Summary
-
Refresco (PAI)
Acting for Credit Suisse, BNP Paribas, J.P. Morgan, ABN AMRO, Deutsche Bank, Mizuho Securities, Rabobank | Deal Summary
€445,000,000 Senior Notes due 2026 - Haya (Cerberus)
€250,000,000 5.250% Senior Secured Notes due 2022
€225,000,000 Floating Rate Senior Secured Notes due 2022
Acting for Cerberus | Deal summary - Bormioli (Triton)
€280,000,000 Senior Secured Floating Rate Notes due 2024
Acting for Triton | Deal summary
-
Miller Homes (Bridgepoint)
£250,000,000 5.500% Senior Secured Notes due 2024
£175,000,000 Senior Secured Floating Rate Notes due 2023Acting for Bridgepoint| Deal summary
-
Cortefiel (CVC and PAI)
€275,000,000 5.000% Senior Secured Fixed Rate Notes due 2024
€325,000,000 Floating Rate Senior Secured Notes due 2024
Acting for CVC and PAI | Deal summary -
United Group (KKR)
€575,000,000 4.375% Senior Secured Notes due 2022
€325,000,000 4.875% Senior Secured Notes due 2024
€450,000,000 Floating Rate Senior Secured Notes due 2023Acting for Credit Suisse, Banca IMI, BNP Paribas, BofA Merrill Lynch, Citigroup, ING, J.P. Morgan, Raiffeisen, UniCredit, KKR
-
Anacap (Anacap)
€325,000,000 Senior Secured Floating Rate Notes due 2024Acting for Anacap | IFLR 2018 HY Deal of the Year | Deal summary
-
Unilabs (Apax)
€250,000,000 Senior Notes due 2025Acting for Credit Suisse, Deutsche Bank, HSVC, BNP Paribas, J.P.Morgan and UniCredit Bank
-
Verallia (Apollo)
€350,000,000 8.250%/9.000% Senior Secured PIK Toggle Notes due 2022
Acting for Apollo
-
Marcolin (PAI)
€250,000,000 Senior Secured Floating Notes due 2023
Acting for PAI
-
Verallia (Apollo)
€200,000,000 5.125% Senior Secured Notes due 2020
Acting for Credit Suisse -
Guala Closures (A Priori and Neuberger Berman)
€510,000,000 Floating Rate Senior Secured Notes due 2021
Acting for A Priori and Neuberger Berman -
Eircom (Anchorage, York, Davidson Kempner)
€200,000,000 5.125% Senior Secured Notes due 2020
Acting for Deutsche Bank, Credit Suisse, Barclays, BNP Paribas, DNB, *, JP Morgan, Morgan Stanley
*global investment bank -
Perform Group (Access Industries)
£175,000,000 8.500% Senior Secured Notes due 2020
Acting for Credit Suisse, Barclays, HSBC and Lloyds Bank
-
Verallia (Apollo).
€300,000,000 5.125% Senior Secured Notes due 2022
€225,000,000 7.250% Senior Secured Notes due 2023
Acting for Apollo
- United Group (KKR),
€150,000,0007.875% Senior Secured Noted due 2020
Acting for Credit Suisse, Banca IMI, BNP Paribas, Citigroup, ING and UniCredit - PizzaExpress (Twinkle Pizza plc) (HONY Capital)
£410,000,000 6.625% Senior Secured Notes due 2021 Twinkle Pizza Holdings plc £200,000,000 8.625% Senior Notes due 2022
Acting for Hony Capital - Care UK Health & Social Care plc (Bridgepoint),
£325,000,000 Senior Secured First Lien Floating Rate Notes due 2019
£75,000,000 Second Lien Floating Rate Notes due 2020
Acting for Bridgepoint - Histoire d’Or (Bridgepoint/Apax)
€345,000,000 Senior Secured Notes due 2019
Acting for * and Credit Suisse
*global investment bank - Dometic (EQT)
€314,000,000 Senior PIK Toggle Notes due 2019
Acting for * and Nordea
*global investment bank - Ovako (Triton)
€285,000,000 6.500% Senior Secured Notes due 2019
Acting for Triton - Médi-Partenaires (Bridgepoint)
€110,000,000 7.000% Senior Secured Notes due 2020
Acting for Credit Suisse, Commerzbank , Crédit Agricole , CIB and *
*global investment bank - Eden Springs (Rhône)
€210,000,000 Floating Rate Senior Secured Notes due 2019
Acting for Rhône - Quick Restaurants (Qualium)
€430,000,000 Senior Secured Floating Rate Notes due 2013
€155,000,000 Unsecured Floating Rate Notes 2013
Acting for * and J.P. Morgan
*global investment bank - Hertz (Carlyle, CD&R and Merrill Lynch Private Equity)
€425,000,000 4.375% Senior Notes due 2019
Acting for Carlyle, CD&R and Merrill Lynch Private Equity - Edcon (Bain)
€425,000,000 13.375% Senior Secured Notes due 2019
Acting for J.P. Morgan, Merrill Lynch, Barclays Bank, * and Morgan Stanley
*global investment bank - SBB/United Group (KKR)
€475,000,000 7.875% Senior Secured Notes due 2020
Acting for Credit Suisse, BNP Paribas, Citigroup and Unicredit - Marcolin (PAI)
€200,000,000 8.5% Senior Secured Notes due 2019
Acting for *, Banca IMI, Natixis, UniCredit Bank and IKB Deutsche Industriebank
*global investment bank - Nuance (PAI)
€200,000,000 Floating Rate Senior Secured Notes due 2019
Acting for PAI - Rhiag (Alpha Private Equity)
€195,000,000 Senior Secured Notes due 2020
€155,000,000 PIK Toggle Notes due 2020
Acting for *, Mediobanca and J.P. Morgan
*global investment bank - Rhiag (Apax)
€215,000,000 7.250% Senior Secured Notes due 2020
€200,000,000 Floating Rate Senior Secured Notes due 2019
Acting for Credit Suisse, BNP Paribas, *, Mediobanca and J.P. Morgan
*global investment bank - S&B Minerals (Rhône)
€275,000,000 9.250% Senior Secured Notes due 2020
Acting for Credit Suisse, UBS, HSBC and BNP Paribas - SMCP (KKR)
€290,000,000 8.875% Senior Secured Notes due 2020
Acting for Credit Suisse, *, KKR, UBS
*global investment bank - 1st Credit (Bridgepoint)
£100,000,000 11% Senior Secured Notes due 2020
Acting for Bridgepoint - Towergate (Advent)
£396,000,000 Floating Rate Senior Secured Notes due 2018
Acting for Advent
- Orange Switzerland (Apax)
€250,000,000 9.000%/9.750% Senior PIK Toggle Notes due 2019
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Medi-Partenaires (LBO France)
€385,000,000 7.000% Senior Secured Notes due 2020
Acting for LBO France - TeamSystem (HgCapital)
€300,000,000 7.375% Senior Secured Notes due 2020
Acting for J.P. Morgan, SocGen, UniCredit, HSBC, Natixis, IKB, Banca IMI - Edcon (Bain)
€300,000,000 9.500% Senior Secured Notes due 2018
Acting for Barclays, *, Morgan Stanley, BofA Merryll Lynch, J.P. Morgan
*global investment bank - Orion Engineered Carbons (Rhône and Triton)
$425,000,000 9.250%/10.000% PIK Toggle Notes due 2019
Acting for Barclays Capital, *, UBS
*global investment bank - Care UK (Bridgepoint)
£325,000,000 9.750% Senior Secured Notes due 2017
Acting for Bridgepoint - Dematic (Triton)
$275,000,000 9.000%/9.500% Senior PIK Notes due 2016
Acting for Triton - Orange Switzerland (Apax)
€155,000,000 7.750% Senior Unsecured Notes due 2020
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Orange Switzerland (Apax)
CHf180,000,000 Floating Rate Senior Secured Notes due 2019
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Orion Engineered Carbons (Rhône and Triton)
€355,000,000 10.000% Senior Secured Notes due 2018
$350,000,000 9.625% Senior Secured Notes due 2018
Acting for Barclays Capital, *, UBS
*global investment bank - Orange Switzerland (Apax)
CHf450,000,000 6.750% Fixed Rate Senior Secured Notes due 2019
€368,000,000 Floating Rate Senior Secured Notes due 2019, €225,000,000 8.250% Senior Notes due 2020
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Guala Closures (DLJ Merchant Banking)
€200,000,000 Senior Notes due 2018
Acting for DLJ Merchant Banking - Dometic (EQT)
€202,000,000 12.750% Senior PIK Notes due 2019
Acting for *
*global investment bank - Hyva (Unitas Capital)
$375,000,000 8.625% Senior Secured Notes due 2016
Acting Bank of America Merrill Lynch, *, Nomura and Standard Chartered Bank
*global investment bank - Moto (Macquarie)
£176,000,000 10¼% Second Lien Notes due 2017
Acting for Deutsche Bank - A.T.U. (KKR)
€375,000,000 11.000% Senior Secured Notes due 2014 and
€75,000,000 Floating Rate Senior Secured Notes due 2014
Acting for * and Morgan Stanley
*global investment bank - Hertz (Carlyle, CD&R and Merrill Lynch Private Equity)
€400,000,000 8.500% Senior Secured Notes due 2015
Acting for Carlyle, CD&R and Merrill Lynch Private Equity - Almatis (DIC)
$400,000,000 and €110,000,000 Senior Secured Floating Rate Notes due 2018
Acting for DIC - Interxion (Baker Capital)
€260,000,000 9.500% Senior Secured Notes due 2017
Acting for Baker Capital
Corporate High Yield transaction highlights
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Tereos
€350,000,000 7.250% Senior Notes due 2028
Acting for company | Deal summary -
Naviera Armas
€376,292,750 Floating Rate Senior Secured Notes due 2026
Acting for Company -
Petrofac
$600,000,000 9.750% Senior Secured Notes due 2026
Acting for Company -
Almaviva
$350,000,000 4.875% Senior Secured Notes due 2026
Acting for Company -
Endeavour Mining
$500,000,000 5.000% Senior Notes due 2026
Acting for Company -
Kedrion
€410,000,000 3.375% Senior Secured Notes due 2026
Acting for BNP Paribas, J.P. Morgan, Credit Agricole, IMI Intesa Sanpaolo, Mediobanca, Natixis -
Canpack
$800,000,000 3.875% Senior Notes due 2029
Acting for Wells Fargo, BNP Paribas, Citigroup, HSBC, ING, Caixabank, PKO Bank Polski -
Europcar
€500,000,000 3.000% Sustainability-Linked Senior Secured Notes due 2026
Acting for BNP Paribas, Credit Agricole, HSBC, Deutsche Bank, ING, Lloyds, Natixis, RBC, Societe Generale -
Casino
€525,000,000 Senior Notes due 2027
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, Citigroup, Credit Suisse, Natixis and Santander -
CGG
$500,000,000 8.750% Senior Secured Notes due 2027
€585,000,000 7.750% Senior Secured Notes due 2027
Acting for Company -
Casino
€400,000,000 6.625% Senior Notes due 2026
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, BofA Securities, Citigroup, Natixis and Société Générale -
Canpack
$400,000,000 3.125% Senior Notes due 2025
€600,000,000 2.375% Senior Notes due 2027
Acting for Citi, HSBC and Wells Fargo | Deal Announcement -
AMS
$450,000,000 7,000% Senior Notes due 2025
€850,000,000 6,000% Senior Notes due 2025
Acting for Company - Helios Towers
$225,000,000 Senior Notes due 2025
Acting for Company - Helios Towers
$750,000,000 Senior Notes due 2025
Acting for Company | Deal Summary - El Corte Inglés
€600,000,000 Senior Notes due 2024
Acting for BAML and * | Deal Summary
*global investment bank
-
Arquiva
6.750% £625,000,000 Senior Notes due 2023Acting for BAML, HSBC, DB, ING, Lloyds
-
CGG
$300,000,000 9.000% senior secured notes due 2023 and
€280,000,000 7.875% senior secured notes due 2023Acting for Company
-
Almaviva
€250,000,000 7.250% Senior Secured Notes due 2022Acting for Company
- Biostime
$200,000,000 7.250% Senior Notes due 2021Acting for *
*global investment bank - Cirsa
€475,000,000 5.750% Senior Secured Notes due 2020
Acting for company - Biostime
$400,000,000 7.250% Senior Notes due 2021
Acting for *
*global investment bank - VistaJet,
$300,000,000 7.750% Senior Notes due 2020
Acting for company - Cirsa
€500,000,000 5.750% Senior Secured Notes due 2023
Acting for company - Norske Skog
€290,000,000 11.750% Senior Secured Notes due 2019
Acting for company - Moy Park (Bondco) PLC
£200,000,000 6.25% senior notes due 2021
Acting for Company - Johnston Press Bond plc
£225,000,000 8.625% Senior Secured Notes due 2019
Acting for JP Morgan, Credit Suisse and Lloyds - CGG Veritas
$500,000,000 9.500% Senior Notes due 2022
€400,000,000 5.875% Senior Notes due 2020
Acting for company - Cirsa
€900 million 8.750% Senior Notes due 2018
Acting for company (multiple issuances) - Abengoa
€500,000,000 6.000% Senior Notes due 2021
€250,000,000 8.875% Senior Notes due 2018
Acting for company - Barry Callebaut
$400,000,000 5.500% Senior Notes due 2023
Acting for company - Portucel
€350,000,000 5.375% Senior Notes due 2020
Acting for company - RPG
€400,000,000 6¾% Senior Secured Notes due 2020
Acting for company - Loxam
€300,000,000 7.375% Senior Subordinated Notes due 2020
Acting for company - New World Resources
€275,000,000 7.850% Senior Notes due 2021
Acting for company - Welltec
$325,000,000 8.000% Senior Secured Notes due 2019
Acting for Credit Suisse,*
*global investment bank - CGGVeritas
$650,000,000 6.500% Senior Notes due 2021
Acting for company - House of Fraser
£250,000,000 8.875% Senior Secured Notes due 2018
Acting for company - Befesa Zinc
€300,000,000 8.875% Senior Secured Notes due 2018
Acting for company - Alba
€200,000,000 8.000% Senior Notes due 2018
Acting for company - Carmeuse
$450,000,000 6.875% Senior Secured Notes due 2018
Acting for company - Aperam
€250,000,000 7⅜% Notes due 2016 and
$250,000,000 7¾% Notes due 2018
Acting for company - Dixons Retail
£150,000,000 8.750% Guaranteed Notes due 2015
Acting for company
Restructuring High Yield/Covenant Lite transaction highlights
-
Haya Real Estate
Acting for company -
Naviera Armas
Acting for company -
Lecta
Acting for company -
GalapagosActing for creditors
-
Norske Skog
Acting for company
- Seven Energy
Acting for company
- Towergate
Acting for company - Codere
Acting for creditors - Afren
Acting for creditors - ZIM
Acting for creditors - Klöckner Pentaplast
Acting for creditors - SEAT Pagine Gialle
Acting for company - eircom
Acting for company - WIND Hellas (1 & 2)
Acting for creditors - Almatis
Acting for company - Truvo (World Directories)
Acting for creditors - Hilding Anders
Acting for company - DSI
Acting for creditors - Safilo
Acting for company - Countrywide
Acting for creditors - Jazztel
Acting for company - Sevan Marine
Acting for creditors - KCA Deutag
Acting for creditors - Tiscali
Acting for creditors