Lafarge to make early Orascom loan payback

Lafarge, the French cement group, will repay a big part of its Eu7.2bn jumbo loan signed last February early, as it implements a deleveraging plan. It has also launched a fully underwritten Eu1.5bn rights issue and has secured a new Eu1bn two year loan to loosen its covenants.

  • 24 Feb 2009

The borrower will repay Eu2.6bn of the jumbo loan, secured for its takeover of Egypt’s Orascom Cement, before June using proceeds from the rights issue and the new debt.

Under the plan, Lafarge, rated Baa3/BBB-/BBB, will take out the outstanding Eu300m of its ‘A1’ piece (which originally totalled Eu1.8bn) ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@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.

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%