SAP launches Eu1.5bn five year RCF to refi 2009 deal

German software firm SAP launched the syndication of a five year Eu1.5bn revolving credit facility on Thursday afternoon, having mandated Commerzbank, Deutsche Bank, Royal Bank of Scotland and Société Générale as mandated lead arrangers and bookrunners on the deal.

  • 19 Nov 2010

The new facility, which is not expected to be drawn, will replace a Eu1.5bn three year revolver signed by the unrated firm in September last year. The borrower paid 110bp for the three year paper, but should now price a five year deal with a tighter margin.

Although ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%