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1 day ago | 
bloomberg.com | Abhinav Ramnarayan |Eleanor Duncan |Rachel Graf
(Bloomberg) -- Companies are launching a number of debt deals designed to pay out a dividend to their private equity owners, at a time when buyout firms are under pressure to return money to clients.
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2 days ago | 
advisorperspectives.com | Abhinav Ramnarayan |Eleanor Duncan
Companies are launching a number of debt deals designed to pay out a dividend to their private equity owners, at a time when buyout firms are under pressure to return money to clients.
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1 week ago | 
bloomberg.com | Eleanor Duncan |Abhinav Ramnarayan
Golden Goose sneakers. (Bloomberg) -- Golden Goose SpA, the luxury sneaker brand currently marketing a bond, plans to set aside €100 million ($113 million) in cash for a dividend payout to its private equity owners, according to people familiar with the matter. The Italian firm’s payout is planned for sometime in the 2025/2026 financial year, according to one of the people, speaking on condition of anonymity.
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1 week ago | 
news.bloomberglaw.com | Abhinav Ramnarayan |Eleanor Duncan |Katie Linsell
After Ocado Group Plc finalizes the sale of its latest bond, the company’s total annual interest bill may be close to £100 million ($134 million) — more than triple what it was paying this time last year. The online grocery firm is looking to sell £300 million of senior unsecured notes due 2030 and is marketing the deal with a yield of 10.75%-11%, according to a person familiar with the matter, who asked not to be identified because the information is private.
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1 week ago | 
bloomberg.com | Claire Ruckin |Eleanor Duncan |Abhinav Ramnarayan
Cirsa logo(Bloomberg) -- A spate of successful high-yield bond sales in Europe over the past week has emboldened issuers to offer increasingly risky debt, highlighting how investor appetite has recovered after US President Donald Trump softened some of his tariff plans. Spanish gaming company Cirsa has started marketing a refinancing of €320 million ($362 million) of payment-in-kind toggle notes, a type of debt that allows issuers to delay interest payments until the final maturity date.
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1 week ago | 
bloomberg.com | Abhinav Ramnarayan |Eleanor Duncan |Katie Linsell
The On-Grid Robotic Pick section at an Ocado distribution center in Luton, UK. (Bloomberg) -- With Ocado Group Plc having wrapped up the sale of its latest bond, the company’s total annual interest bill is now close to £100 million ($133 million) — more than triple what it was paying this time last year.
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2 weeks ago | 
bloomberg.com | Claire Ruckin |Eleanor Duncan
A laboratory worker during quality control testing at the Stada Arzneimittel AG factory in Bad Vilbel, Germany. (Bloomberg) -- German drugmaker Stada Arzneimittel AG is looking to refinance some of its junk debt, after pushing back a planned initial public offering intended to cut its liabilities. Stada launched the sale of notes worth €965 million on Monday, with the proceeds earmarked for refinancing the company’s 7.5% senior secured bonds due 2026.
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3 weeks ago | 
bloomberg.com | Abhinav Ramnarayan |Eleanor Duncan
(Bloomberg) -- Europe’s junk bond market has reopened with its first offering since early April, following weeks of tariff-induced volatility. Italian gaming firm Lottomatica Group SpA started marketing a €600 million ($684 million) senior secured note on Wednesday, amid a cross-asset rally triggered by US President Donald Trump softening his tone toward China and Federal Reserve Chair Jerome Powell. More borrowers could follow suit.
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1 month ago | 
bloomberg.com | Silas Brown |Eleanor Duncan
Banks are struggling to offload debt into leveraged loan markets, so they’re calling their biggest rivals. This article is for subscribers only. Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Wall Street’s familiar dance with private credit and the risks of volatility for portfolio companies. Also, BlackRock’s earnings — Silas Brown and Eleanor Duncan.
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1 month ago | 
bloomberg.com | Eleanor Duncan |Manuel Baigorri |Dinesh Nair
Banks are getting cautious about taking on risk as US President Donald Trump’s tariff regime upends markets. (Bloomberg) -- Morgan Stanley is no longer involved in providing financing for KKR & Co.’s purchase of Swedish consumer-health company Karo Healthcare, according to people familiar with the matter. Morgan Stanley is advising Karo’s owner EQT AB on the sale and had teamed up with Jefferies Financial Group Inc. to offer around €1.1 billion ($1.2 billion) staple financing to potential bidders.
