Boots TLB down as investors take dose of repayment reality

Alliance Boots’ term loan ‘B’, part of Europe’s largest ever LBO financing, edged down in the secondary market on Thursday on the easing of a bout of euphoria that had seen the paper jump five points on the previous day's news of an investment by US pharmacy chain Walgreen.

  • 21 Jun 2012

Some investors said that while the presence of a large corporate shareholder certainly strengthened the credit, the market was realising that the deal was no guarantee of a repayment.

Markit data indicates that Boots’ loan jumped from 91.8/92.7 at the end of last week to 96.5/97.5 on Tuesday as ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%