Eight join JPM on $8.5bn Merck deal

US drugs group Merck has completed senior syndication of its $7bn acquisition facility — and rolled over a $1.5bn CP backstop facility — with eight banks joining sole underwriter JPMorgan on the deal. The loan has now been launched to general syndication, which Merck expects to wrap up in the next few weeks.

  • 24 Mar 2009

The banks that joined as co-arrangers are Bank of America-Merrill Lynch, BNP Paribas, Citi, Credit Suisse, HSBC, Royal Bank of Scotland, Santander and UBS. It is understood they were offered tickets of $875m for fees of about 200bp.

Merck, rated Aa3/AA-, has also amended its existing $1.5bn CP backstop facility, ...

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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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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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%