AA signs refi loan package

The Automobile Association signed its latest loan package on August 9, after reducing the size of its term loan to £1.4bn. The UK roadside assistance firm will use the £1.77bn of loans, alongside the proceeds of its debut bonds, to refinance £3bn of debt owed to the company’s parent firm, Acromas Holdings.

  • By Olivier Holmey
  • 12 Aug 2013

The term loan was originally worth £1.75bn but was reduced when the borrower chose to replace £350m of loans with senior secured notes.

The new debt also includes a £150m revolving credit facility to be used for working capital and a £220m liquidity facility. The debt is due to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%