Report
Joan Sehim

Thyssenkrupp Elevator : Solid under all circumstances

Thyssenkrupp Elevator (TKE) has just repriced its term loan B, obtaining a good 62.5bp reduction in margin on its Euro tranche, just one year after the LBO. Even though we still have some doubt on the future intentions of shareholders, we must recognise the group’s first solid year on the high-yield market. TKE clearly justified its defensive business profile with a very resilient operating performance in the last quarters while the ambitious cost saving programme already borne f...
Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Joan Sehim

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