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Securitization - CLO/CDO

UK’s Serco seeks new five year syndicated refinancing through BofA ML and RBS

UK services company Serco has mandated Bank of America Merrill Lynch and Royal Bank of Scotland to lead a new five year revolver to refinance some existing bank lines.

  • 24 Feb 2012

The new transaction, thought to be under £1bn, is already being marketed to the company’s relationship banks.

Serco had bank facilities of £1.068bn at the end of June 2011, of which £247m had been used. Its facilities include a £400m revolver due in December 2013, arranged in 2008 ...

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CLO

IssuerArrangerSize ($M)
TCW Asset Management Co.,Figueroa CLO 2014-1 Wells Fargo413.06
Regiment Capital Advisors, Cavalry CLO VDeutsche Bank368.45
Voya Alternative Asset Management, Voya 2014-4JPMorgan607.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 62,197.58 156 10.31%
2 Barclays 54,615.37 137 9.05%
3 Bank of America Merrill Lynch 53,519.04 153 8.87%
4 Citi 53,036.17 137 8.79%
5 Credit Suisse 52,682.77 126 8.73%

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 10,126.99 20 6.77%
2 Bank of America Merrill Lynch 5,385.41 13 3.60%
3 Deutsche Bank 5,357.92 17 3.58%
4 HSBC 4,482.67 12 3.00%
5 Citi 4,083.79 11 2.73%