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

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%