Anna Devine
.jpg?id=19327356986 "GSO makes tracks in Italy with tyre company unitranche")
The deal, which combines bank and non-bank debt in a €70m debt facility, is the first of its kind extended to a performing company in Italy, PDI understands.
The move to approve AIFMD-compliant loan funds puts European managers at an advantage over non-European ones.
One of the major issues affecting private debt funds is the attitude of some managers towards covenants, delegates at the LMA conference heard.
.jpg "Advisors appointed on Norske Skog debt talks")
Bondholder GSO Capital is also said to be working on a proposal to reduce the €1 billion debt pile of the Norwegian papermaker.
.jpg?id=19327362742 "GE Capital offers exchange on $30 billion of bonds")
General Electric has set up a new debt vehicle to issue the bonds in exchange for outstanding debt issued by its financial unit, which the firm is currently divesting.
.jpg "FSB highlights debt-bias in corporate funding")
The Financial Stability Board says cutting tax biases in favour of debt would reduce corporate demand for credit.
The US CLO based manager is approaching $10bn in AUM.
The US credit specialist has concluded fundraising for its third structured credit fund, closing on a figure ten times the size of its predecessor funds.
Fitch Ratings said that the performance of European senior secured loans held firm during a summer of market volatility.
Bindesh Savjani joins Intermediate Capital Group from Aberdeen Asset Management.