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	<title>Transactions Blog &#187; debt</title>
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	<description>Our experts&#039;comments on Mergers and Acquisitions</description>
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		<title>The Netherlands in search for € 18 billion through limitation of interest deductibility on acquisition debt</title>
		<link>http://www.pwcblogs.be/transactions/2011/11/the-netherlands-in-search-for-e-18-billion-through-limitation-of-interest-deductibility-on-acquisition-debt/</link>
		<comments>http://www.pwcblogs.be/transactions/2011/11/the-netherlands-in-search-for-e-18-billion-through-limitation-of-interest-deductibility-on-acquisition-debt/#comments</comments>
		<pubDate>Thu, 03 Nov 2011 07:39:04 +0000</pubDate>
		<dc:creator>Christian Van Craeyvelt</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Dutch Budget]]></category>
		<category><![CDATA[interest deductibility]]></category>
		<category><![CDATA[leveraged finance]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[restructuring]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[tax structuring]]></category>
		<category><![CDATA[Transactions]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=868</guid>
		<description><![CDATA[Introduction 29.983.000.000 EUR (5,2% of GDP), that is the number on which the Dutch government’s deficit landed in 2010.[1] In order to seal this gap, the Dutch government recently announced a plan containing a variety of structural measures to save up to € 18 billion between 2012 and 2015.[2] Specific for the M&#38;A field, one [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2011/11/the-netherlands-in-search-for-e-18-billion-through-limitation-of-interest-deductibility-on-acquisition-debt/' addthis:title='The Netherlands in search for € 18 billion through limitation of interest deductibility on acquisition debt ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Debt Market Update &#8211; Q1 2011</title>
		<link>http://www.pwcblogs.be/transactions/2011/02/debt-market-update-q1-2011/</link>
		<comments>http://www.pwcblogs.be/transactions/2011/02/debt-market-update-q1-2011/#comments</comments>
		<pubDate>Wed, 16 Feb 2011 09:09:47 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[Publications]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Debt Markets]]></category>
		<category><![CDATA[M&A]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=796</guid>
		<description><![CDATA[Simon Boadle, Head of Debt Advisory, said &#8220;Though 2010 was not without significant hurdles including the euro-zone debt crisis, the debt markets found a path through to post a strong year with a robust pipeline entering Q1 2011.&#8221; The high yield market continued to lead the way with record issuance driven by investor demand for [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2011/02/debt-market-update-q1-2011/' addthis:title='Debt Market Update &#8211; Q1 2011 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Debt Markets Update Autumn 2010</title>
		<link>http://www.pwcblogs.be/transactions/2010/10/debt-markets-update-autumn-2010/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/10/debt-markets-update-autumn-2010/#comments</comments>
		<pubDate>Fri, 22 Oct 2010 07:10:38 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Publications]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[leveraged finance]]></category>
		<category><![CDATA[M&A]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=728</guid>
		<description><![CDATA[Despite previous uncertainty in the debt markets, Central Banks continue to be proactive to limit the chances of a double dip recession. The UK corporate loan market was lifted by the return of large cap M&#38;A, with banks providing strong support for BHP Billiton&#8217;s bid for Potash Corp through a US$45 billion loan facility. Strong, [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/10/debt-markets-update-autumn-2010/' addthis:title='Debt Markets Update Autumn 2010 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt Markets Update Summer 2010</title>
		<link>http://www.pwcblogs.be/transactions/2010/08/debt-markets-update-summer-2010/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/08/debt-markets-update-summer-2010/#comments</comments>
		<pubDate>Tue, 17 Aug 2010 11:20:18 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[Publications]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[leveraged finance]]></category>
		<category><![CDATA[restructuring]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=652</guid>
		<description><![CDATA[Q2 has been uncertain for borrowers, lenders, issuers and investors with the continuing euro-zone debt crisis and renewed economic doubts restricting supply in the debt capital markets and dampening the demand for new lending. UK corporate lending was therefore relatively quiet in Q2 with borrowers and lenders alike waiting for the outcome of the UK’s [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/08/debt-markets-update-summer-2010/' addthis:title='Debt Markets Update Summer 2010 ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Debt Market update</title>
		<link>http://www.pwcblogs.be/transactions/2010/02/debt-market-update/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/02/debt-market-update/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 08:39:54 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[Publications]]></category>
		<category><![CDATA[banking market]]></category>
		<category><![CDATA[deals]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[leveraged finance]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=549</guid>
		<description><![CDATA[The final quarter of 2009 saw encouraging signs of confidence returning across a broad spectrum of bank lending. The mild softening in pricing and the lengthening of tenors in the corporate market, a cluster of new leveraged buyouts at the end of 2009 and the re-entry of banks into the commercial property market (on a [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/02/debt-market-update/' addthis:title='Debt Market update ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2010/02/debt-market-update/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy – “Safeguarding value through business restructuring”</title>
		<link>http://www.pwcblogs.be/transactions/2010/01/ma-academy-%e2%80%93-%e2%80%9csafeguarding-value-through-business-restructuring%e2%80%9d/</link>
		<comments>http://www.pwcblogs.be/transactions/2010/01/ma-academy-%e2%80%93-%e2%80%9csafeguarding-value-through-business-restructuring%e2%80%9d/#comments</comments>
		<pubDate>Thu, 21 Jan 2010 18:19:22 +0000</pubDate>
		<dc:creator>Sophie Van Durme</dc:creator>
				<category><![CDATA[Presentation]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[distressed companies]]></category>
		<category><![CDATA[equity swap]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[restructuring]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=533</guid>
		<description><![CDATA[Identifying the most important value drivers and estimating values in distressed companies is key for a successful restructuring process, especially in the case of debt for equity swaps. That’s what Michael De Roover, Partner at PwC and Philippe Rasquin, Director at PwC talked about on the fourth session of our M&#38;A Academy. They shared with [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2010/01/ma-academy-%e2%80%93-%e2%80%9csafeguarding-value-through-business-restructuring%e2%80%9d/' addthis:title='M&#38;A Academy – “Safeguarding value through business restructuring” ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2010/01/ma-academy-%e2%80%93-%e2%80%9csafeguarding-value-through-business-restructuring%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A Academy – “Access to the current debt market and alternative financing methods” presentation</title>
		<link>http://www.pwcblogs.be/transactions/2009/10/ma-academy-%e2%80%93-%e2%80%9caccess-to-the-current-debt-market-and-alternative-financing-methods%e2%80%9d-presentation/</link>
		<comments>http://www.pwcblogs.be/transactions/2009/10/ma-academy-%e2%80%93-%e2%80%9caccess-to-the-current-debt-market-and-alternative-financing-methods%e2%80%9d-presentation/#comments</comments>
		<pubDate>Fri, 02 Oct 2009 11:21:33 +0000</pubDate>
		<dc:creator>Webmaster</dc:creator>
				<category><![CDATA[Presentation]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[financing methods]]></category>
		<category><![CDATA[M&A]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=399</guid>
		<description><![CDATA[On 24 September, we hosted the first session of our M&#38;A Academy season, which mainly dealt with access to the current debt market and alternative financing methods. Josy Steenwinckel , Financial Services Leader at PwC Belgium, introduced the subject before handing over to our guest speaker, Freddy Van den Spiegel, Chief Economist at BNP Paribas [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2009/10/ma-academy-%e2%80%93-%e2%80%9caccess-to-the-current-debt-market-and-alternative-financing-methods%e2%80%9d-presentation/' addthis:title='M&#38;A Academy – “Access to the current debt market and alternative financing methods” presentation ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2009/10/ma-academy-%e2%80%93-%e2%80%9caccess-to-the-current-debt-market-and-alternative-financing-methods%e2%80%9d-presentation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>M&amp;A future</title>
		<link>http://www.pwcblogs.be/transactions/2009/09/ma-future/</link>
		<comments>http://www.pwcblogs.be/transactions/2009/09/ma-future/#comments</comments>
		<pubDate>Tue, 29 Sep 2009 07:04:45 +0000</pubDate>
		<dc:creator>Sebastien Gabay</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[value]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=380</guid>
		<description><![CDATA[After one of the toughest periods for M&#38;A in decades, some high profile announcements have got everyone talking. We are entering a test period for M&#38;A, where more quality assets are coming to market than we have seen in 18 months. Successful completions will depend on vendor price expectations coming into line with acquirers&#8217; views. [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2009/09/ma-future/' addthis:title='M&#38;A future ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
		<wfw:commentRss>http://www.pwcblogs.be/transactions/2009/09/ma-future/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Tax aspects of debt restructuring&#8221; presentation</title>
		<link>http://www.pwcblogs.be/transactions/2009/06/tax-aspects-of-debt-restructuring-presentation/</link>
		<comments>http://www.pwcblogs.be/transactions/2009/06/tax-aspects-of-debt-restructuring-presentation/#comments</comments>
		<pubDate>Thu, 18 Jun 2009 06:06:59 +0000</pubDate>
		<dc:creator>Jan Muyldermans</dc:creator>
				<category><![CDATA[Presentation]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[M&A Academy presentation]]></category>
		<category><![CDATA[restructuring]]></category>

		<guid isPermaLink="false">http://www.pwcblogs.be/transactions/?p=313</guid>
		<description><![CDATA[On 28 May, we hosted the last M&#38;A Academy session of the season, which dealt with tax aspects of debt restructuring. Jan Muyldermans talked about what it is that is driving debt structuring transactions, the tax basics, the tax aspects of overall debt restructuring and the continuity law. Finally, he put all this into practice [...]<div class="addthis_toolbox addthis_default_style addthis_32x32_style" addthis:url='http://www.pwcblogs.be/transactions/2009/06/tax-aspects-of-debt-restructuring-presentation/' addthis:title='&#8220;Tax aspects of debt restructuring&#8221; presentation ' ><a class="addthis_button_preferred_1"></a><a class="addthis_button_preferred_2"></a><a class="addthis_button_preferred_3"></a><a class="addthis_button_preferred_4"></a><a class="addthis_button_compact"></a></div>]]></description>
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