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  • Latest Print Issue
  • April 25 2014
Securitization - CLO/CDO

US investors drive Schaeffler loan momentum

US investors are leading demand for the €1bn-equivalent term loan ‘C’ being syndicated to funds as part of German ball bearings manufacturer Schaeffler’s €10bn bond and loan refinancing.

  • 03 Feb 2012
Lenders have been attracted by the high margin of 550bp and a Libor floor of 1.5% for a five year maturity — shorter than the usual seven year bullet term loans that fund managers buy. Talk on the original issue discount is 97. Schaeffler has a target of ...

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CLO

IssuerArrangerSize ($M)
Octagon Credit Investors, LLC, Octagon Investment Partners XII - RefinancingCiti321.00
NXT Capital Investment Advisers, NXT CLO 2014-1Wells Fargo357.44
H.I.G. Whitehorse Capital, Whitehorse VIIIMorgan Stanley574.75

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 22,630.76 49 0.00%
2 Bank of America Merrill Lynch 21,975.59 57 0.00%
3 Citi 21,366.91 49 0.00%
4 Deutsche Bank 16,169.74 39 0.00%
5 Barclays 15,718.54 40 0.00%

bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 2,240.24 5 5.97%
2 Deutsche Bank 1,897.78 5 5.06%
3 VTB Capital 1,601.44 4 4.27%
4 RBS 1,570.47 3 4.18%
5 Citi 1,432.94 4 3.82%