Picard splits debt between Eu655m loan and Eu300m HY bond

Private equity house Lion Capital will part finance its recent Eu1.5bn purchase of Picard Surgelés, the French frozen foods company, with Eu655m of senior secured loans and a Eu300m high yield bond.

  • 29 Jul 2010

Citi, Credit Suisse and Morgan Stanley are arranging the financing. The loan is made up of a Eu225m term loan ‘A’, a Eu400m ‘B’ tranche and Eu30m revolver.

The amortising ‘A’ piece and revolver have maturities of six years and margins of 450bp. The ‘B’ loan will mature ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%