Woodcraft Taps CS To Refinance

Woodcraft Industries is in the market to refinance existing debt and has tapped Credit Suisse for $243 million in new loans.

  • 06 Apr 2007
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Woodcraft Industries is in the market to refinance existing debt and has tapped Credit Suisse for $243 million in new loans. The facility consists of a six-year, $25 million revolver, priced at LIBOR plus 2 1/2%; a six-year, $154 million term loan "B," priced at LIBOR plus 2 1/2% and a seven-year, $64 million second-lien term loan priced at LIBOR plus 6 1/2%. The makeup of the existing loan could not be determined.

Woodcraft, of St. Cloud, Minn., manufactures ready-to-finish wood furniture and kitchen cabinetry. A call to CFO Dale Herbst was not returned.

  • 06 Apr 2007

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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%