Hungry loans bankers salivate over Eu2.75bn SAP facility

Hopes were high on Thursday that part of a Eu2.75bn credit facility backing German software firm SAP’s acquisition of Sybase could be syndicated to bank lenders, after a drought of new money deals in the European loan market.

  • 13 May 2010
SAP’s subsidiary, SAP America, has signed a definitive merger agreement to acquire Californian enterprise and mobile software developer Sybase in a deal with a total enterprise value of around $5.8bn (Eu4.62bn). The transaction will be funded by the underwritten loan and cash on hand. SAP intends to pay ...

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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 %
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1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%