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).

Bankers involved ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%