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Sanitec

Type: Company

Name: Sanitec

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Wilmington Trust Co

International Banks and Security Agent: Sanitec Oyj’s Issue of Senior Secured Notes

We acted as Finnish counsel for banks (UBS Limited, Deutsche Bank AG, London Branch, Danske Bank A/S and DNB Bank ASA as initial purchasers) and the security agent Wilmington Trust (London) Limited in transactions whereby Sanitec Oyj (a Finnish based ... [Published Castren & Snellman - May 23 2013]

Entities: Sanitec, Wilmington Trust Co, DNB Bank ASA, Security

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Sponsors eye more balanced funding mix as IPO outlook brightens

* Equity rally encourages PE firms to seek flexible debt* Issuers keep options open with dual-track approach* Shorter call dates, FRNs accommodate malleable fundingBy Natalie Harrison and Josie CoxLONDON, May 23 (IFR) - Private equity firms eyeing exits ... [Published Reuters - May 23 2013]

Entities: IPOs, Leveraged Loans, High-Yield Bond, Collateralized Loan Obligations

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Cov-lite comeback could thwart high yield FRN surge

* Sponsors seeking leeway embrace high yield FRNs* CLO backstop waning as reinvestment periods end* Cov-lite loans could trump FRNs' flexibilityBy Robert SmithLONDON, May 17 (IFR) - High yield floating rate notes, once a niche product but now a more common ... [Published Yahoo! UK and Ireland - May 17 2013]

Entities: Collateralized Loan Obligations, Floater, Fixed Rate, Sanitec, Tranche

First reported May 10 2013 - Updated May 10 2013 - 1 reports

Danske Bank AS

Shearman & Sterling Advises on Sanitec’s €250 Million Bond Offering

Jacques B. McChesney, Iain Goalen, Winfried M. Carli, Arnaud Fromion, Tobia Croff, Sarah Brufal, Valerio Fontanesi, Ellen M. Shiels, Camilla Hunter, Yaw Asare, Matthias Weissinger, Laurent Bonnet, Nathalie Barzilai, Kristen M. Garry, Mary Jo LangShearman ... [Published Shearman & Sterling - May 10 2013]

Entities: Sanitec, Shearman & Sterling LLP, DNB Bank ASA, Open-End Credit, Danske Bank AS

First reported May 03 2013 - Updated May 03 2013 - 1 reports

Twyford Bathrooms

Sanitec Stabilisation Notice

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.Sanitec OyjStabilisation NoticeUBS Leveraged Capital Markets (contact: Matthew Williams; telephone: 0207 5687259 ... [Published Best Invest - May 03 2013]

Entities: Sanitec, Twyford Bathrooms, Ifö Sanitär AB

First reported May 03 2013 - Updated May 03 2013 - 1 reports

Barclays PLC

Yield-induced amnesia hits Europe's junk market

* High yield issuance surges as yields grind tighter* Riskier instruments and looser terms abound* Disparity with underlying economy fuels correction fearsBy Natalie Harrison and Robert SmithLONDON, May 3 (IFR) - Europe's dire economy prompted a rate ... [Published Yahoo! UK and Ireland - May 03 2013]

Entities: Memory Loss, Barclays PLC, Klöckner Pentaplast

First reported May 03 2013 - Updated May 03 2013 - 1 reports

03.05.2013 Sanitec successfully issues oversubscribed EUR 250 million five-year bond

Pricing accelerated due to bond issue being four times oversubscribedThe five-year bond has a floating interest rate of Euribor + 4.75 percentage pointsProceeds will be used to repay debt and fund a distribution to shareholdersSanitec's Adjusted EBITDA ... [Published Noodls - May 03 2013]

Entities: Sanitec, Oversubscribed, EBITDA, EURIBOR, Peter Nilsson

First reported May 01 2013 - Updated May 01 2013 - 2 reports

Update-Moody's assigns B1 CFR to Sanitec Oyj ("Sanitec"); stable outlook

Sanitec Oyj (Sanitec)For the full text of this story please click the following link:((Bangalore Ratings Team, Hotline: +91 80 4135 5898 satish.kb@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: satish.kb.thomson ... [Published CNBC - May 01 2013]

Entities: Sanitec, Bangalore

First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

30.04.2013 Sanitec announces the launch of EUR 250 million Senior Secured Floating Rate Notes offering by Sanitec Oyj

Sanitec Oyj ("Sanitec"), the leading producer of bathroom ceramics and bathroom fixtures in its core European markets, today announces the offering of EUR 250 million Senior Secured Floating Rate Notes (the "Notes") due 2018 to qualified institutional ... [Published Noodls - Apr 30 2013]

Entities: Sanitec, Prospectus, United States

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Insolvency proceedings started at Slovenia's MLM foundry-

Insolvency proceedings have been started at the MLM foundry, days after the group failed to secure a capital injection through a debt-to-equity conversion.The Maribor District Court instituted Friday debt restructuring at the parent company MLM at the ... [Published Balkans.com - Apr 29 2013]

Entities: Insolvency, Sanitec, Foundry Group

Quotes

"Now that IPOs are looking a bit more promising, sponsors want debt that they can prepay at par" said Martin Horne, head of research at Babson Capital, commenting on the appeal of leveraged loan refinancing over bonds

Sponsors eye more balanced funding mix as IPO outlook brightens [Published Reuters - May 23 2013]

"When two sterling FRNs and two euro FRNs price in one week, issuers, particularly sponsor-backed ones, are certainly going to take note" said Kevin Connell, managing director of high yield syndicate at RBS (LSE: RBS.L - news)

Cov-lite comeback could thwart high yield FRN surge [Published Yahoo! UK and Ireland - May 17 2013]

"There has been a good mix of deal structures and drivers for these transactions which have also come from a wide variety of countries, suggesting this is a sustainable increase in activity" said Mathew Cestar, head of leveraged finance in EMEA at Credit Suisse (NYSE: CS - news)

Yield-induced amnesia hits Europe's junk market [Published Yahoo! UK and Ireland - May 03 2013]

"We are very pleased by the great interest shown by investors for Sanitec's bond issue. Through the bond issue we are well-positioned to continue to pursue our strategy and develop the company" , comments Peter Nilsson, President & CEO, Sanitec Corporation

03.05.2013 Sanitec successfully issues oversubscribed EUR 250 million five-year bond [Published Noodls - May 03 2013]