Kabel Deutschland takes maximum cut from term loan ‘F’ margin

Germany’s largest cable operator, Kabel Deutschland, has successfully repriced its $750m term loan ‘F’, slashing the margin from 325bp to 275bp, the biggest cut it had been hoping for. The Libor floor has also been reduced from 100bp to 75bp.

  • 31 Jan 2013

The repriced loan will be issued as a new tranche (term loan 'F’) under the firm’s existing credit facilities. Its February 2019 maturity date is unchanged.

Goldman Sachs led the repricing exercise as bookrunning mandated lead arranger. The loan will be settled on February 6.

The original term ...

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 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%