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Issuers
CVC eyes €25 billion Spanish LBO, reports Financial Times
Tuesday, July 6, 2010
The Financial Times reports that CVC is considering a possible leveraged buy-out of Spanish toll road operator Abertis Infraestructuras. The buy-out, valuing the company at €25 billion, would be the biggest European LBO for several years if it goes ahead. The company, which is currently rated BBB+ by S&P and A- by Fitch, has €8.7 billion of bonds and other unsecured debt, and €6.5 billion of bank loans outstanding.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
