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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%