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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%