Trio Commits To Scotts Recap

JPMorgan, Bank of America and Citigroup have committed to providing a $2.1 billion credit facility to Scotts Miracle-Gro Co. for a planned recapitalization.

  • 15 Dec 2006
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JPMorgan, Bank of America and Citigroup have committed to providing a $2.1 billion credit facility to Scotts Miracle-Gro Co. for a planned recapitalization. The company announced last Tuesday it plans to repurchase its existing $200 million of 6.625% senior subordinated notes in a Dutch auction tender offer commencing in January and pay a dividend to shareholders, according to a filing with the Securities and Exchange Commission.

The debt financing is expected to include a revolver and term loan, but further details could not be determined. The company is also planning to return $500 million to shareholders in a special one-time cash dividend. Moody's Investors Service placed Scotts corporate family rating and senior subordinated ratings under review for possible downgrade following the announcement. Calls to a Scotts spokesman were not returned.

  • 15 Dec 2006

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%