Lactalis lenders' commitments skimmed as €7.5bn loans signed

Lactalis, the French dairy firm, has signed loans of €7.5bn to back its €3.4bn takeover of Italy’s Parmalat. Crédit Agricole, HSBC, Natixis and Société Générale were bookrunners and underwrote the loans, which will also be used to refinance debt.

  • 28 Jul 2011

Syndication, which was launched at the end of May, was oversubscribed as 12 banks committed to the facilities. Lenders were offered tickets of €300m and €600m, but allocations were later scaled back.

The loan is split into a €1.65m one year term loan with a six-month term-out option, ...

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 contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 15.66
2 Goldman Sachs 2,150 3 10.73
3 Citi 2,118 5 10.57
4 Societe Generale 1,506 3 7.52
5 Rabobank 1,413 2 7.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Apr 2017
1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%