Lafarge leaps to 200bp, switches to leverage grid

French building materials firm Lafarge is amending its €1.65bn revolving credit facility, extending the maturity by two years to 2015 and increasing the out-of-the-box margin to 200bp.

  • 03 Feb 2012

The borrower has added a first draw utilisation fee to the facility, and will pay 25bp, 50bp and 75bp should the line be drawn at all, above a third used, or above two-thirds used, respectively.

On the existing facility, Lafarge’s pricing is linked to a ratings grid. But ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 75,310.44 219 13.28%
2 Bank of America Merrill Lynch 66,692.14 207 11.76%
3 Wells Fargo Securities 56,313.78 180 9.93%
4 JPMorgan 40,793.11 141 7.20%
5 Credit Suisse 32,293.17 98 5.70%