Deals

Half of German mid-market deals funded by debt funds – report

Debt funds have been rising in prominence in German mid-market debt since their first appearance in 2013.

Mizuho to launch new infra debt fund this month

The vehicle will be targeting senior debt for greenfield and brownfield projects in investment-grade countries, as well as developing markets through credit enhancement.

FS, Bain, KKR BDCs hold first lien debt in bankrupt American Tire

The Apollo BDC, which owns equity in the company, shed its subordinated debt positions in the second quarter, as did the New Mountain BDC.

There are challenges, but don’t assume they’re all about cov-lite

Those thinking that covenant-lite is the root of all evil may need to reassess where the biggest potential problems really lie. Francois Decoeur of MV Credit examines the deal landscape.

BNP Paribas closes third European CLO on €411.25m

The firm’s latest CLO exceeded its initial target and focuses on senior-secured loans in Europe.

Oaktree to invest $36m in Blue Sky through convertible loan note

The embattled Australian fund manager will use the capital for co-investments and leverage Oaktree’s reputation with prospective LPs.

ESO provides loan note in first deal since Core Capital acquisition – exclusive

The deal is the first for the combined group, which is aiming to provide more hybrid debt and equity solutions.

Three deals put Idinvest on course to full deployment by year end

Three investments of both unitranche and mezzanine bring the fund closer to full investment.

PDI New York Forum 2018: The 10 big talking points

From never-ending cycle talk to the lure of special situations, we report back to you the major conversational topics doing the rounds on day one.