IntraLinks First-Lien PIK Pitch Ditched

Investors quickly rejected a first-ever, first-lien payment-in-kind toggle loan, part of the financing for the leveraged buyout of IntraLinks, voicing complaints to leads Deutsche Bank and Credit Suisse.

  • 15 Jun 2007
Investors quickly rejected a first-ever, first-lien payment-in-kind toggle loan, part of the financing for the leveraged buyout of IntraLinks, voicing complaints to leads Deutsche Bank and Credit Suisse. "Dead on arrival," said one investor who reviewed the deal. "We will not do a first-lien PIK toggle." "Frankly, a lot ...

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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%