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 ...

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European CLO

IssuerArrangerSize ($M)
BlackRock Investment Management Credit Suisse462.20
Oaktree Capital ManagementCiti448.20
SankatyBarclays457.97

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 JPMorgan 3,830.34 13 11.75%
2 Wells Fargo Securities 3,551.78 14 10.90%
3 Credit Suisse 2,873.80 9 8.82%
4 Bank of America Merrill Lynch 2,751.61 11 8.44%
5 Deutsche Bank 2,104.93 9 6.46%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Rabobank 983.12 1 15.34%
1 JPMorgan 983.12 1 15.34%
3 HSBC 614.94 2 9.59%
4 Citi 535.96 2 8.36%
5 Bank of America Merrill Lynch 479.64 2 7.48%