Fotolia hopes new deal will be picture perfect

American stock photo website Fotolia has opened a new cross-border $300m loan to refinance its existing debt and for a dividend recapitalisation. The debt package is expected to comprise a $200m first lien loan denominated in dollars, and a second lien facility of $100m-equivalent denominated in euros.

  • 10 Jun 2013

The maturities of the two pieces will be between seven and 7-1/2 years.

The money raised will serve to refinance Fotolia’s existing debt, fund dividends to shareholders, retain some cash on the company’s balance sheet and pay fees and expenses related to the transaction.

Fotolia’s net first lien and ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@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 Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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%