logo

MyDentist Notes: New Frontier in Portability?


Portability is back in the news with the issuance of the IDH Finance plc Senior Secured Notes (with FRNs) due 2022 (“Mydentist New Notes”).

It has been reported in the market that certain features of the portability in the Mydentist New Notes contain overly aggressive and off market provisions, setting up the European high yield market for significant erosion of the Change of Control (“CoC”) call protection.

Debt Explained’s latest research report looks in detail at market-wide data to assess whether the features of this deal really are aggressive – as has been reported in the market.

About this report 

This report refers to data drawn from Debt Explained's Representative Loan Terms (RLT) database which tracks information from syndicated loans in the European leveraged loan market. 

RLT offers a unique oversight of the European leveraged loan market with more than 350 searchable terms. A staple resource for all leveraged finance market participants - including capital markets bankers, legal advisors and asset managers - Debt Explained data reacts to the market in real time. 

To find out more about RLT or to arrange a trial, contact us. 

 

The information contained (whether transmitted by way of email, report, electronic media or paper or similar means) in this communication ("Information") is subject to the terms and conditions as set out on the Debt Explained website (www.debtexplained.com). Please visit the website if you are not aware of them. For the avoidance of doubt neither Debt Explained Limited, its employees, officers or contractors owe any duty or are liable to you in any manner in relation to the Information which you should verify for yourself. The Information does not constitute legal or investment advice or advice or recommendation of any kind.

 

Join our mailing list

Cookies

Use of this site is subject to its Terms and Conditions and Privacy Policy. This site uses cookies under the terms set out in our Privacy Policy. By using this site, you are indicating your agreement to these terms and our use of cookies.