Emdeon reopens US HY market for LBOs, Acadia roadshows

Emdeon, a US processor of healthcare transactions, raised $375m of unsecured bonds on Friday, having cut short the planned roadshow. The deal is the first LBO-linked bond to be sold for several weeks.

  • 17 Oct 2011

Bookrunners Bank of America Merrill Lynch (left lead on the loans), Barclays Capital (left lead on the bonds), Citigroup, Goldman Sachs and SunTrust Robinson priced the December 2019 notes at par with an 11% coupon.

Issued through Beagle Acquisition Corp, the bonds are rated Caa1/CCC+. The notes broke ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 JPMorgan 95,916.14 419 7.02%
2 Bank of America Merrill Lynch 84,274.67 386 6.17%
3 Citi 79,024.69 396 5.79%
4 Barclays 64,919.42 275 4.75%
5 Deutsche Bank 61,725.14 258 4.52%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 BNP Paribas 20,079.87 85 9.10%
2 Barclays 17,657.40 65 8.00%
3 Deutsche Bank 15,485.95 59 7.02%
4 HSBC 13,677.26 58 6.20%
5 SG Corporate & Investment Banking 12,319.14 63 5.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 5,262.65 41 8.52%
2 Goldman Sachs 4,273.93 33 6.92%
3 Deutsche Bank 4,249.17 39 6.88%
4 Credit Suisse 3,915.70 42 6.34%
5 Barclays 3,740.83 31 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 22,011.32 165 11.16%
2 Citi 17,958.06 133 9.10%
3 Bank of America Merrill Lynch 15,724.51 136 7.97%
4 Barclays 13,657.72 88 6.92%
5 Goldman Sachs 13,596.26 99 6.89%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 BNP Paribas 19,183.41 86 7.11%
2 Deutsche Bank 18,344.32 59 6.80%
3 HSBC 17,459.90 79 6.47%
4 Barclays 17,134.62 76 6.35%
5 Citi 15,489.08 65 5.74%