IM Group : Issuance Focus
IM Group is about to issue a € 200m HY senior secured bond over 5 years NC 2 in order to refinance a senior credit facility (€ 59m) and a dividend distribution to its shareholders (€ 134m), an operation that will lead to a rather aggressive releveraging with a pro forma net leverage of 2.7x vs. 0.4x as at 30/09/19 (bond documentation calculations) and 4.3x after our standard adjustments (leasing, factoring) vs. 1.6x as at 30/09/19. However, with no major setbacks to the developme...SUNVIM GROUP CO.,LTD. is a China-based company principally engaged in the production and distribution of home textile products. The Company's products are categorized into towel series and decorative cloth series, including towels, bedding, decorative fabrics and yarns. The Company distributes its products in domestic market and to overseas markets.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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