Rare European underwrite as Premier Oil gets $550m deal

Premier Oil, the UK company, has secured a $550m facility to back its acquisition of Canadian group Oilexco’s North Sea business. The loan, which will be sold down to relationship banks, is one of the first underwritten deals mandated in Europe this year.

  • 25 Mar 2009

The debt has been provided by Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, HSBC, Lloyds Banking Group and Royal Bank of Canada. The deal is split between a $175m 18 month bridge facility, a $225m three year revolver, and three year L/C tranches of $63m and £60m ($87m).

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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%