Springer tranches cov-lite loan package

German publisher Springer Science has laid out the structure of its new €2.5bn equivalent cross-border cov-lite loan. The debt, which is supporting the company’s €3.3bn acquisition by private equity firm BC Partners, will primarily be denominated in dollars but will also include two smaller euro tranches.

  • By Olivier Holmey
  • 04 Jul 2013

The credit facilities include a seven year term loan ‘B’ — via two portions of $1.553bn and €565m — and a €150m revolver.

Barclays, Crédit Suisse, Goldman Sachs, JP Morgan, Nomura and UBS are joint bookrunners on the deal. A bank meeting with lenders will take place either on ...

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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%