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)
Alcentra NY, LLC, Shackleton I-RJefferies402.30
Saranac Advisory Limited, SRANC 2014-3Jefferies399.75
Steele Creek Investment Management, Steele Creek CLO 2014-1BNP Paribas413.50

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2014
1 JPMorgan 39,677.08 96 10.63%
2 Citi 38,263.92 96 10.26%
3 Bank of America Merrill Lynch 35,924.95 98 9.63%
4 Barclays 31,529.48 76 8.45%
5 Credit Suisse 27,820.58 75 7.46%

bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 JPMorgan 4,076.46 11 9.76%
2 Deutsche Bank 3,489.39 10 8.35%
3 Bank of America Merrill Lynch 2,737.00 7 6.55%
4 RBS 2,666.67 6 6.38%
5 Barclays 2,655.81 8 6.36%
Z