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 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%