Banks scaled back in $250m Evonik Carbon Black revolver

German pigments producer Evonik Carbon Black’s $250m super-senior revolver has been allocated oversubscribed despite warnings of poor appetite from banks for this type of paper in 2011.

  • 14 Jun 2011

Carbon Black’s Eu600m-equivalent high yield bond is roadshowing this week, and will be used alongside the revolving credit facility to back Rhône Capital and Triton’s takeover of the borrower.

“It is the first super-senior revolver that has been oversubscribed for a while,” said a banker close to the transaction. ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%