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Mezzanine Debt

European Central Bank

Private lending in the Euro Zone drops to 20-year low

The data released in a report by the European Central Bank on Friday saw the hesitation of financial institutions in extending credit to households and businesses despite the economic recovery of the Euro Zone.

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Spain unemployment

Yields of Spanish bonds drops to 3.5-year low amid reduced unemployment rate

The yields of Spanish bonds have dropped to record lows not seen since 2011, indicating that the European economy is gaining its momentum, a Bloomberg report said.

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NCC Group

Global Ports completes acquisition of Russian container terminal operator NCC Group

Greek containers and oil products firm Global Ports Investments has closed the acquisition of Russian firm NCC Group to become Eastern Europe's biggest container terminal operator.

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Eike Batista

Eike Batista's Oleo e Gas to honor $31.2 million oil field debt

Oleo e Gas Participacoes, controlled by Brazilian investor Eike Batista, promised to repay its $31.2 million debt in two oil fields located south of Rio de Janeiro. Oleo e Gas could lose its 40% stake in the said oil fields if it fails to repay its joint venture partners.

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Casino

Spain's Codere seeks creditor protection amid €1.27 billion debt restructuring

Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.

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Help-to-Buy program

Mortgage bids close to £1 Billion in Help-To-Buy program - UK PM Cameron

A statement from the office of the British Prime Minister David Cameron revealed that 6,000 mortgage applications, with over 80% of them as first-time buyers, applied for home loans under the government's Help-to-Buy program.

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Small Businesses in US

Index shows small businesses in US increase borrowings in November

The Thomson Reuters/PayNet Small Business Lending Index showed that small businesses in the US increased their borrowings in November 2013 compared to that of the previous year, Reuters reported.

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Apax Partners

Buyout firms double down as lender to make money on failed investments- report

Private equity companies are buying the debt of the companies they own so they can become creditors and have a second shot at making money on their investments.

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Cessna

Textron looking to borrow $1.1 B to finance its Beechcraft acquisition

Textron Inc Chairman and Chief Executive Officer Scott Donnelly disclosed to analysts and investors in a teleconference today that it will be financing its acquisition of Beech Holdings LLC via debt.

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Dubai Stock Exchange

Bond issuance in the Gulf predicted to climb next year - report

Arabian Business said in its report that a rise in bond issuance in the Gulf region is seen next year partly in anticipation of the re-entry of the Abu Dhabi sovereign in the market after an over 5-year hiatus.

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Eike Batista

$5.8 B debt accord sees Batista's OGX shares jump 21%

Investors seemed to be positive with regard to news from former Brazilian billionaire Eike Batista about Oleo & Gas Participacoes SA's creditors agreeing to convert $5.8 billion worth of company debt into equity stakes.

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Softbank Corp

Japan's Softbank to tap US bond market to fund T-Mobile acquisition -report

Japan's Softbank Corp is likely to tap the US bond market to fund the $20 billion acquisition of US wireless carrier T-Mobile, according to a report by the Nikkei business daily.

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Cattle farm

Hedge funds eye troubled Australian mining and farming companies

International hedge funds are increasingly targetting troubled firms in Australia, from cotton or macadamia farms to cattle stations and vineyards, expecting a nascent distressed debt market to generate double-digit returns.

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LightSquared

Beleaguered LightSquared to receive up to $2.5B financing sponsored by Fortress

LightSquared, which has been in bankruptcy last year, may get $2 billion to $2.5 billion in financing backed by Fortress Investment Group. JPMorgan Chase & Co. in talks with lenders, who would need to commit by January 8.

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Petroperu

Peru's Petroperu to raise $2.7B for refinery expansion

Petroperu will be seeking to riase $2.7 billion to fund the modernization and upgrades of its Talara refinery. About half of the funds will come from international investors, Reuters reported.

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