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 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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

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%