Vivarte SAS Chairman Marc Lelandais is asking banks to waive terms governing almost 2.8 billion euros ($3.8 billion) of debt as the French fashion retailer confronts slowing sales amid a sputtering economic recovery.
Blackstone Group LP, the world’s biggest private-equity firm, priced the largest collateralized loan obligation in Europe this year after it increased the deal by almost 50 percent to meet investor demand.
Aeroporti di Roma SpA sold bonds in euros after borrowing costs for companies from Europe’s peripheral nations fell to the lowest in almost four years relative to core countries led by Germany and France.
Microsoft Corp., which issued the first euro-denominated bond in its 38-year history in April, is favoring the currency in its biggest sale ever, taking advantage of a widening discount to dollar borrowing costs.
Co. syndicating revolving credit facility to refinance two existing credit lines totalling EU2.55b. * Tenor: 5y, with two 1y extension options * Margin: E+40 bps * Purpose: Refinance EU1.75b RCF maturing 2015 and EU800m RCF due 2016 * Utilization fees: 10 bps first-draw; 20 bps for 33% drawn; 40 bps for 66% * Information from three people familiar with the transaction, who asked not to be identified because the terms are private * “We keep under constant consideration the opportunity to refinance our existing facilities in light of current market conditions,” co. spokesman Ben Morton said in an e-mail