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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)
CVC Credit PartnersCiti497.50
BNP Paribas Asset ManagementRBS335.80
GLG PartnersMorgan Stanley338.40

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Apr 2015
1 Credit Suisse 17,797.87 47 11.39%
2 Bank of America Merrill Lynch 16,012.84 53 10.25%
3 Wells Fargo Securities 14,683.94 53 9.40%
4 JPMorgan 14,443.06 44 9.24%
5 Citi 14,253.77 45 9.12%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Deutsche Bank 3,597.40 7 6.30%
2 Citi 3,261.24 8 5.71%
3 Credit Suisse 2,314.86 7 4.06%
4 Barclays 1,910.64 5 3.35%
5 Santander 1,815.11 7 3.18%