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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)
Invesco Senior Secured Management, Limerock CLO IIICredit Suisse512.50
HarbourView, HarbourView VIIJefferies414.00
MCF Capital Management LLC., MCF IVWells Fargo405.96

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 JPMorgan 57,475.48 143 10.31%
2 Bank of America Merrill Lynch 50,643.60 142 9.09%
3 Citi 50,519.56 130 9.06%
4 Barclays 49,010.92 123 8.79%
5 Credit Suisse 46,233.08 112 8.29%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 JPMorgan 5,656.88 18 8.98%
2 Deutsche Bank 4,853.22 15 7.70%
3 Bank of America Merrill Lynch 4,636.22 11 7.36%
4 HSBC 4,327.82 11 6.87%
5 Citi 4,083.79 11 6.48%