Ascom gets Sfr120m loan for TEMS buy

Ascom, the Swiss electronic systems company, has secured a long-term loan of Sfr120m (Eu78.6m) to back its takeover of TEMS, a mobile network testing business, from Sweden’s Ericsson.

  • 24 Mar 2009

The facility, which matures at the end of December 2012, was provided by eight banks. Credit Suisse and UBS were the bookrunners.

Ascom is buying TEMS for Sfr190m. The rest of the acquisition will be funded using its cash reserves.

The facility leaves Ascom, which previously had no debt, leveraged ...

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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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%