Alain Afflelou targets funds for senior syndication

Citi and UniCredit have launched syndication of €350m of senior loans backing Lion Capital’s acquisition of French optician chain Alain Afflelou, after Credit Suisse, ING and Société Générale joined the bank group as mandated lead arrangers.

  • 24 May 2012

The loans comprise a €70m term loan ‘A’, €240m term loan ‘B’, and €40m of undrawn facilities. Alcentra has provided a mezzanine facility of €110m. Senior leverage is four times Ebitda, while total leverage reaches 5.5 times. A bank meeting will be held in Paris on May 30.

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
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