Armacell pricing soars as volatility hits levloan market

The pricing of Armacell’s latest loan package has soared by about 100bp, in the clearest sign yet of market volatility hitting leveraged loan issuance.

  • By Olivier Holmey
  • 26 Jun 2013

The German foam manufacturer had retranched its debt to feature euros more heavily and decrease reliance on the more volatile US market. The term loan ‘B’ tranche denominated in dollars was reduced from $210m to $185m, while the euro portion rose from €100m to €120m. 

But that change did ...

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) 4,755 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
  • Today
1 Citi 82,367.33 238 12.89%
2 Bank of America Merrill Lynch 71,317.58 219 11.16%
3 Wells Fargo Securities 62,984.09 198 9.86%
4 JPMorgan 45,920.23 145 7.19%
5 Credit Suisse 37,235.50 114 5.83%