dcsimg
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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

CLO

IssuerArrangerSize ($M)
Cutwater Asset Management Corp., Cutwater 2014-2Natixis411.50
KKR & Co., KKR CLO 10BNP Paribas415.00
3i Debt Management, Jamestown VBAML411.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Dec 2014
1 JPMorgan 70,278.75 167 10.53%
2 Citi 57,831.20 154 8.66%
3 Barclays 57,307.12 148 8.58%
4 Bank of America Merrill Lynch 57,124.96 167 8.56%
5 Credit Suisse 55,331.04 133 8.29%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 JPMorgan 10,367.66 21 12.72%
2 Deutsche Bank 6,702.94 20 8.22%
3 Bank of America Merrill Lynch 5,509.73 14 6.76%
4 Citi 5,022.24 13 6.16%
5 Barclays 4,839.91 15 5.94%