Swift syndications expected for Orange Switzerland, CPA

Bank meetings will be held next week to market the leveraged loans backing Apax’s buy-out of Orange Switzerland and Cinven’s takeover of CPA Global. But market participants said bookrunners were looking for a quick turnaround, having already sounded out numerous lenders.

  • 03 Feb 2012
The facilities will also be reduced after the launch of a three-tranche high yield bond on January 27. The total size of Orange’s loans is expected to fall from Sfr850m to around Sfr567m following the increase of a Sfr325m 2019 senior secured bond to Sfr425m, and the enlargement ...

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1 Bank of America Merrill Lynch (BAML) 4,958 12 14.65
2 Lloyds Bank 3,788 10 11.20
3 Citi 3,743 11 11.06
4 Credit Suisse 3,195 5 9.44
5 Morgan Stanley 2,259 3 6.67

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3 Citi 23,513.52 69 8.93%
4 JPMorgan 21,289.12 67 8.09%
5 Credit Suisse 20,322.80 56 7.72%