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Securitization - CLO/CDO

KDG set to exceed €500m A&E target

German cable firm Kabel Deutschland (KDG) has sent out a notice of prepayment to lenders after easily exceeding its original target of extending €500m of term loans ‘A1’, ‘A2’ and ‘C1’. The company is understood to be ready to accept extensions from all those lenders who consented, which market participants said represented more than €700m.

  • 03 Feb 2012

KDG (BB-/Ba2/BB) launched the amend and extend on January 23, just after it raised $750m for a new term loan ‘F’. Proceeds from that loan will be directed at repaying lenders that have not extended.

Bankers and loan managers had predicted KDG’s request would be successful, with the company ...

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CLO

IssuerArrangerSize ($M)
Cutwater Asset Management Corp., Cutwater 2014-2Natixis411.50
KKR & Co., KKR CLO 10BNP Paribas415.00
3i Debt Management, Jamestown VBAML411.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Dec 2014
1 JPMorgan 70,278.75 167 10.53%
2 Citi 57,831.20 154 8.66%
3 Barclays 57,307.12 148 8.58%
4 Bank of America Merrill Lynch 57,124.96 167 8.56%
5 Credit Suisse 55,331.04 133 8.29%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 JPMorgan 10,367.66 21 12.72%
2 Deutsche Bank 6,702.94 20 8.22%
3 Bank of America Merrill Lynch 5,509.73 14 6.76%
4 Citi 5,022.24 13 6.16%
5 Barclays 4,839.91 15 5.94%