Early commitments drive Grohe to advance deadline

A strong reception from bathroom and kitchen fittings company Grohe’s existing bondholders has allowed bookrunners to bring forward the commitment deadline on the German borrower’s new €300m-equivalent covenant-lite loan by five days to May 11.

  • 11 May 2012
The dual currency loan will be used to refinance €300m of Grohe’s existing floating rate notes, due 2014, and both the CLO and high yield investors in the FRN are among those who have committed to the deal. As a cov-lite deal, Grohe’s loan will have the same ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%