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 Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%