Cairn Capital prices new European leveraged loan CLO

Arranging bank Credit Suisse priced the four debt tranches in Cairn Capital’s new leveraged loan CLO late on Tuesday more or less in line with revised guidance. The deal created a wealth of investor interest, but CLO specialists say the twin obstacles of regulation and lack of collateral are still a drag on an immediate market revival.

  • 20 Feb 2013

The €181.5m ‘A’ tranche was priced at 140bp over six month Euribor, the €28m Aa2 rated ‘B’ tranche was priced at 235bp over, the €20m A2 rated ‘C’ tranche was priced at 325bp over and the €11m Baa2 rated ‘D’ tranche was priced at 425bp over.

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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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%