Cross-over Virgin cuts costs, narrows lending group

UK media and entertainment group Virgin Media has taken advantage of its enhanced credit ratings to amend its senior loans, reducing its borrowing costs and relying solely on relationship banks for its syndicated loans.

  • 23 May 2011

Virgin’s term loan ‘A’ and term loan ‘B’, which were paying 325bp and 375bp over Libor, will be merged into a single £750m term loan with a margin of 212.5bp. The remaining £25m of the loan balance will be repaid with cash.

The company’s 10 relationship banks have ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%