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
- 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 Company / Deal Summary - United Group (BC Partners) €500 million 5.250% Senior Secured Notes due 2030 €480 million Floating Rate Senior Secured Notes due 2029
Acting for J.P. Morgan, Citi, Credit Agricole, Credit Suisse, KKR and Morgan Stanley - Lottomatica (Apollo) €400 million 8.125% Senior Secured PIK Toggle Notes due 2026
Acting for Barclays, *Global Investment Bank, Credit Suisse, Deutsche, J.P. Morgan, Morgan Stanley, UniCredit, Apollo Global Securities | Deal Summary - Hexaware (Carlyle) $1.01 billion 5.375% Senior Secured Notes due 2026
Acting for *Global Investment Bank, HSBC, Barclays, BNPP, Citi, MUFG, Nomura, Standard Chartered | Deal Summary - Multiversity (CVC) €765 million Senior Secured Floating Rate Notes due 2028
Acting for BofA, Deutsche, UniCredit, BNPP, CACIB, Intesa Sanpaolo | Deal Summary - Eolo (Partners Group) €375 million 4.875% Senior Secured Notes due 2026
Acting for UniCredit, Natixis, *Global Investment Bank, IMI – Intesa Sanpaolo - Cirsa (Blackstone) €615 million 4.500% Senior Secured Notes due 2027
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jeffries, UBS Investment Bank - United Group (BC Partners) €300 million 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 million 6.000% Senior Notes due 2028
Acting for J.P. Morgan, Deutsche Bank, Itaú BBA - Phillips Domestic (Hillhouse) €650 million 3.125% Senior Secured Notes due 2028
Acting for Company - Marcolin (PAI) €350 million 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 million 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 3.50% 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 Company
- United Group (BC Partners) €550,000,000 4% 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 Company | Deal Announcement -
Gamenet (Apollo) €300,000,000 Floating Rate Senior Secured Notes due 2025
€340,000,000 6.25% Senior Secured Notes due 2025
Acting for Credit Suisse, Barclays, UniCredit Bank, Banca IMI and BNP Paribas -
Miller Homes (Bridgepoint) £160,000,000 5.50% Senior Secured Notes due 2024
Acting for Company -
GEMS Education (CVC) $150,000,000 Floating Rate Senior Secured Notes due 2026
Acting for Company -
Rubis Terminal (I Squared Capital) €410,000,000 5.625% Senior Secured Notes due 2025
Acting for Company | 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
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Q- Park (KKR) €425,000,000 1.50% Senior Secured Fixed Rate Notes due 2025€630,000,000 2.00% Senior Secured Fixed Rate Notes due 2027
€400,000,000 2.00% 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 Company | Deal Summary
- LHMC Finco 2 S.á r.l (Blackstone) €400,000,000 7.25%/ 8.00% 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 1.75% Senior Secured Notes due 2024
Acting for *
*global investment bank
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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 Company | Deal Summary -
United Group (BC Partners) €306 million Senior Holdco PIYC PIK Notes €550 million 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 3.50% Senior Secured Notes due 2026
Acting for Citi, *, BNP Paribas, JPMorgan, Morgan Stanley, Natixis, Societe Generale | Deal Summary
*global investment bank
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Cognita (Jacobs Holdings) €225,300,000 Senior Notes due 2026
Acting for Company | Deal Summary -
Guala Closures (Space4) €455,000,000 Floating Rate Senior Secured Notes due 2024 Acting for company
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WFS (Cerberus) €400,000,000 6.75% Senior Secured Notes due 2023, €260,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Company | 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
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Refresco (PAI) €445,000,000 Senior Notes due 2026
Acting for Acting for Credit Suisse, BNP Paribas, J.P. Morgan, ABN AMRO, Deutsche Bank, Mizuho Securities, Rabobank | Deal Summary - Haya (Cerberus) €250,000,000 5.25% Senior Secured Notes due 2022 €225,000,000 Floating Rate Senior Secured Notes due 2022
Acting for Company | Deal summary - Bormioli (Triton) €280mm Senior Secured Floating Rate Notes due 2024
Acting for Company | Deal summary
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Miller Homes (Bridgepoint) £425,000,000 million aggregate principal amount of £250,000,000 5.50% Senior Secured Notes due 2024 £175,000,000 Senior Secured Floating Rate Notes due 2023
Acting for Company | Deal summary
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Cortefiel (CVC, PAI) €275,000,000 5.00% Senior Secured Fixed Rate Notes due 2024 €325,000,000 Floating Rate Senior Secured Notes due 2024
Acting for Company | Deal summary -
United Group (KKR) €1,350,000,000 Senior Secured Notes, consisting of 1.€575,000,000 4.375% Senior Secured Notes due 2022 2.€325,000,000 4.875% Senior Secured Notes due 2024 3.€450,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Credit Suisse, Banca IMI, BNP Paribas, BofA Merrill Lynch, Citigroup, ING, J.P. Morgan, Raiffeisen, UniCredit, KKR
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Anacap (Anacap) €325,000,000 Senior Secured Floating Rate Notes due 2024
Acting for Company | IFLR 2018 HY Deal of the Year | Deal summary
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Unilabs (Apax) €250,000,000 Senior Notes due 2025
Acting for Credit Suisse, Deutsche Bank, HSVC, BNP Paribas, J.P.Morgan and UniCredit Bank
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Verallia (Apollo) €350,000,000 8.251/10 /9.00% Senior Secured PIK Toggle Notes due 2022
Acting for Company
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Marcolin (PAI) €250,000,000 Senior Secured Floating Notes due 2023
Acting for Company
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Verallia (Apollo) €200,000,000 5.125% Senior Secured Notes due 2020
Acting for Credit Suisse -
Guala Closures (A Priori, Neuberger Berman) €510,000,000 Floating Rate Senior Secured Notes due 2021
Acting for Company -
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 8.50% Senior Secured Notes due 2020
Acting for Credit Suisse, Barclays, HSBC and Lloyds Bank
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Verallia (Apollo). €300,000,000 5.125% Senior Secured Notes due 2022, €225,000,000 7.25% Senior Secured Notes due 2023
Acting for Company
- United Group (KKR), €150 million 7.875% Senior Secured Noted due 2020
Acting for Credit Suisse, Banca IMI, BNP Paribas, Citigroup, ING and UniCredit - PizzaExpress (HONY Capital), Twinkle Pizza plc £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 Company - 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 Company - 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 6.50% Senior Secured Notes due 2019
Acting for Company - Médi-Partenaires (Bridgepoint) €110,000,000 7.00% 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 Company - 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 company - Edcon (Bain) €425 million 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 million 7.875% Senior Secured Notes due 2020
Acting for Credit Suisse, BNP Paribas, Citigroup and Unicredit - Marcolin (PAI) €200 million 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 company - Rhiag (Alpha Private Equity) €195 million Senior Secured Notes due 2020, €155 million PIK Toggle Notes due 2020
Acting for *, Mediobanca and J.P. Morgan
*global investment bank - Rhiag (Apax) €215 million 7.25% Senior Secured Notes due 2020, €200 million 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 million 9.25% Senior Secured Notes due 2020
Acting for Credit Suisse, UBS, HSBC and BNP Paribas - SMCP (KKR) €290 million 8.875% Senior Secured Notes due 2020
Acting for Credit Suisse, *, KKR, UBS
*global investment bank - 1st Credit (Bridgepoint) £100 million 11% Senior Secured Notes due 2020
Acting for company - Towergate (Advent) £396 million Floating Rate Senior Secured Notes due 2018
Acting for company
- Orange Switzerland (Apax) €250,000,000 9.0%/9.75% Senior PIK Toggle Notes due 2019
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Medi-Partenaires (LBO France) €385 million 7% Senior Secured Notes due 2020
Acting for company - TeamSystem (HgCapital) €300 million 7.375% Senior Secured Notes due 2020
Acting for J.P. Morgan, SocGen, UniCredit, HSBC, Natixis, IKB, Banca IMI - Edcon (Bain) €300 million 9.5% 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 million 9.25%/10.00% PIK Toggle Notes due 2019
Acting for Barclays Capital, *, UBS
*global investment bank - Care UK (Bridgepoint) £325 million 9.75% Senior Secured Notes due 2017
Acting for company - Dematic (Triton) $275 million 9.0%/9.5% Senior PIK Notes due 2016
Acting for company - Orange Switzerland (Apax) €155,000,000 7.75% Senior Unsecured Notes due 2020
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Orange Switzerland (Apax) CHF 180,000,000 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 million 10% Senior Secured Notes due 2018 $350 million 9.625% Senior Secured Notes due 2018
Acting for Barclays Capital, *, UBS
*global investment bank - Orange Switzerland (Apax) CHF 450,000,000 6.75% Fixed Rate Senior Secured Notes due 2019, €368,000,000 Floating Rate Senior Secured Notes due 2019, €225,000,000 8.25% Senior Notes due 2020
Acting for Credit Suisse, Deutsche Bank, Citigroup, J.P. Morgan, Morgan Stanley, UBS - Guala Closures (DLJ Merchant Banking) €200 million Senior Notes due 2018
Acting for company - Dometic (EQT) €202 million 12.75% Senior PIK Notes due 2019
Acting for *
*global investment bank - Hyva (Unitas Capital) $375 million 8.625% Senior Secured Notes due 2016
Acting Bank of America Merrill Lynch, *, Nomura and Standard Chartered Bank
*global investment bank - Moto (Macquarie) £176 million 10¼% Second Lien Notes due 2017
Acting for Deutsche Bank - A.T.U. (KKR) €375 million 11.0% Senior Secured Notes due 2014 and €75 million 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 million 8.5% Senior Secured Notes due 2015
Acting for company - Almatis (DIC) $400 million and €110 million Senior Secured Floating Rate Notes due 2018
Acting for company - Interxion (Baker Capital) €260 million 9.5% Senior Secured Notes due 2017
Acting for company
Corporate High Yield transaction highlights
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Petrofac $600 million 9.750% Senior Secured Notes due 2026
Acting for Company -
Almaviva $350 million 4.875% Senior Secured Notes due 2026
Acting for Company -
Endeavour Mining $500 million 5.000% Senior Notes due 2026
Acting for Company -
Kedrion €410 million 3.375% Senior Secured Notes due 2026
Acting for BNP Paribas, J.P. Morgan, Credit Agricole, IMI Intesa Sanpaolo, Mediobanca, Natixis -
Canpack $800 million 3.875% Senior Notes due 2029
Acting for Wells Fargo, BNP Paribas, Citigroup, HSBC, ING, Caixabank, PKO Bank Polski -
Europcar €500 million 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 million Senior Notes due 2027
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, Citigroup, Credit Suisse, Natixis and Santander -
CGG $500 million 8.75% Senior Secured Notes due 2027
€585 million 7.75% 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 US$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% Senior Notes due 2025 €850,000,000 6% 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
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Arquiva 6.750% £625,000,000 Senior Notes due 2023
Acting for BAML, HSBC, DB, ING, Lloyds
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CGG US$300 9.000% senior secured notes due 2023 and €280 million 7.875% senior secured notes due 2023
Acting for Company
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Almaviva €250,000,000 7.25% Senior Secured Notes due 2022
Acting for Company
- Biostime $200,000,000 7.25% Senior Notes due 2021
Acting for *
*global investment bank - Cirsa €475,000,000 5.75% Senior Secured Notes due 2020
Acting for company - Biostime $400,000,000 7.25% Senior Notes due 2021
Acting for *
*global investment bank - VistaJet, $300,000,000 7.75% Senior Notes due 2020
Acting for company - Cirsa €500,000,000 5.75% Senior Secured Notes due 2023
Acting for company - Norske Skog €290,000,000 11.75% 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 9.5% Senior Notes due 2022, €400,000,000 5.875% Senior Notes due 2020
Acting for company - Cirsa €900 million 8.75% Senior Notes due 2018
Acting for company (multiple issuances) - Abengoa €500,000,000 6.00% Senior Notes due 2021, €250 million 8.875% Senior Notes due 2018
Acting for company - Barry Callebaut U.S.$400,000,000 5.500% Senior Notes due 2023
Acting for company - Portucel €350 million 5.375% Senior Notes due 2020
Acting for company - RPG €400 million 6¾% Senior Secured Notes due 2020
Acting for company - Loxam €300 million 7.375% Senior Subordinated Notes due 2020
Acting for company - New World Resources €275 million 7.85% Senior Notes due 2021
Acting for company - Welltec $325 million 8% Senior Secured Notes due 2019
Acting for Credit Suisse,*
*global investment bank - CGGVeritas $650 million 6.5% Senior Notes due 2021
Acting for company - House of Fraser £250 million 8.875% Senior Secured Notes due 2018
Acting for company - Befesa Zinc €300 million 8.875% Senior Secured Notes due 2018
Acting for company - Alba €200 million 8% Senior Notes due 2018
Acting for company - Carmeuse $450 million 6.875% Senior Secured Notes due 2018
Acting for company - Aperam €250 million 7⅜% Notes due 2016 and $250 million 7¾% Notes due 2018
Acting for company - Dixons Retail £150 million 8.75% Guaranteed Notes due 2015
Acting for company
Restructuring High Yield/Covenant Lite transaction highlights
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Naviera Armas
Acting for company -
Lecta
Acting for company -
GalapagosActing for lenders
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Norske Skog
Acting for company
- Seven Energy
Acting for company
- Towergate
Acting for company - Codere
Acting for bondholders - Afren
Acting for lenders - ZIM
Acting for lenders - Klöckner Pentaplast
Acting for lenders - SEAT Pagine Gialle
Acting for company - eircom
Acting for company - WIND Hellas (1 & 2)
Acting for bondholders - Almatis
Acting for company - Truvo (World Directories)
Acting for lenders - Hilding Anders
Acting for company - DSI
Acting for lenders - Safilo
Acting for company - Countrywide
Acting for bondholders - Jazztel
Acting for company - Sevan Marine
Acting for bondholders - KCA Deutag
Acting for lenders - Tiscali
Acting for lenders