British Vita lenders support debt for equity swap

Lenders to British Vita, the UK chemicals group, have voted to support a debt to equity swap restructuring of the company’s debt. Over 75% of lenders — enough to approve the scheme of arrangement — voted in support on Friday.

  • 20 Apr 2009
Under the terms of the restructuring, Texas Pacific Group, the sponsor, and mezzanine lenders are injecting Eu60m of new money, in return for 50.1% of the equity. The senior lenders’ debt is to be written down to Eu100m in return for 37.5% equity and the mezzanine to zero, ...

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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%