AA taps WBS for £350m after reverse as refi completes

The AA Group, the UK roadside assistance and insurance company, last Friday tapped its whole business securitization for another £350m of senior debt, six weeks after inaugurating the structure with a £625m senior and £655m junior issue.

  • By Jon Hay
  • 12 Aug 2013

It is one of only a handful of WBS secured on businesses that do not depend primarily on ownership of specific properties.

AA Group tapped both the five and 12 year class ‘A’ tranches of its deal, which are rated BBB- by Standard & Poor’s. Each tap, for ...

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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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%