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 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
  • Today
1 Citi 73,870.92 208 13.32%
2 Bank of America Merrill Lynch 64,298.92 202 11.59%
3 Wells Fargo Securities 55,583.74 178 10.02%
4 JPMorgan 40,447.01 140 7.29%
5 Credit Suisse 30,239.23 97 5.45%