UK’s Sophos offers original issue discount on $320m LBO loan and tweaks structure

Sophos, the UK antivirus software company, is offering a margin of 475bp over Libor and an original issue discount of 99 on a $320m (Eu262m) loan backing Apax Partners’ $830m leveraged buyout of the company.

  • 04 Jun 2010
The structure of the loan has been tweaked from the firm’s original plan. A six year $90m amortising term loan ‘A’ has been added and a seven year ‘B’ piece has been lowered to $210m from $300m. The deal also has a six year $20m revolver. All the ...

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GlobalCapital European securitization league table

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2 Rabobank 14.41
3 Morgan Stanley 11.73
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Bookrunners of Global Structured Finance

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1 Wells Fargo Securities 11,897.40 33 11.83%
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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%