Schaeffler warns Conti loan banks to keep away from restructuring

Schaeffler, the German bearings group, and Continental, the tyre maker in which it is set to acquire a 50% stake, came under fresh scrutiny in the loan market this week as tensions resurfaced between the companies, this time over the restructuring of a Continental loan.

  • 19 Dec 2008
Continental is in talks with its lenders about delaying payments on about Eu11bn worth of debt, which is part of the Eu13.5bn the company borrowed in 2007 to back its acquisition of Siemens VDO Automotive. Continental’s ratings were downgraded to junk status this week by Fitch, which warned ...

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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%