Flurry of pre-IPO amendments for LevFin on the way

Leveraged loan bankers expect plenty of amendment requests in the coming months from borrowers wanting to raise initial public offerings, a trend highlighted this week by Amadeus, the Spanish travel group, launching an amendment on about Eu5.2bn of bank debt.

  • 04 Dec 2009
Sponsors, unable to sell their portfolio companies via secondary buy-outs, are looking to equity markets as the best way to exit businesses. Often companies need to amend their loans before any IPO, usually so that proceeds can be used to wipe out the junior debt before the senior ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%