Special report — In distress: leveraged loan market grapples with restructuring

A shallow pool of distressed-debt investors, bank lenders postponing inevitable losses and the difficulty of calling a bottom for company valuations are combining to make debt-for-equity restructurings a traumatic process. Tessa Wilkie reports on the outlook for a leveraged loan market attempting to sort out the turmoil of collapsing deals.

  • 16 Mar 2009
Private equity firms and lenders have moved a long way from debates about what deals to do and how much leverage to pour into them. Instead the agenda is dominated by questions over who is prepared to stump up cash to save troubled companies, and who is willing ...

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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) 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 82,050.07 237 12.94%
2 Bank of America Merrill Lynch 70,926.06 217 11.18%
3 Wells Fargo Securities 62,359.46 195 9.83%
4 JPMorgan 45,920.23 145 7.24%
5 Credit Suisse 36,830.60 112 5.81%