BSN already oversubscribed as RAC sets Tuesday meeting

There are strong signs that investors are ready to accept the more aggressive deals being brought to the leveraged loan market as bankers close to BSN Medical’s repricing said the book was already 1-1/2 times oversubscribed with two days to go before the commitment deadline.

  • 08 Oct 2012

BSN’s strong reception will encourage the arrangers of RAC’s dividend recap, for which a bank meeting will be held on Tuesday October 9.

A weak M&A environment and the resulting low LBO dealflow has caused a build up in demand from loan investors, allowing private equity firms to squeeze ...

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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 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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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%