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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
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%