Avio set to rocket through A&E, net new senior loan

Cinven’s Italian aerospace engine manufacturer Avio was expected to exceed the two-thirds approval threshold required for its amend and extend as the Friday May 11 deadline approached. The company’s target of raising a further €210m of senior loans to replace its existing second lien tranche should also be met, with new investors having committed alongside existing lenders.

  • 11 May 2012

One lender had described Avio’s request as "uncontroversial" when it was launched in late April.

"Avio is a name people like, has proved it can perform as an LBO, and there are few other places to put your money at the moment, so the timing has been helpful," said ...

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.

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%