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Securitization - CLO/CDO

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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CLO

IssuerArrangerSize ($M)
TCW Asset Management Co.,Figueroa CLO 2014-1 Wells Fargo413.06
Regiment Capital Advisors, Cavalry CLO VDeutsche Bank368.45
Voya Alternative Asset Management, Voya 2014-4JPMorgan607.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 62,197.58 156 10.31%
2 Barclays 54,615.37 137 9.05%
3 Bank of America Merrill Lynch 53,519.04 153 8.87%
4 Citi 53,036.17 137 8.79%
5 Credit Suisse 52,682.77 126 8.73%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 10,126.99 20 6.77%
2 Bank of America Merrill Lynch 5,385.41 13 3.60%
3 Deutsche Bank 5,357.92 17 3.58%
4 HSBC 4,482.67 12 3.00%
5 Citi 4,083.79 11 2.73%