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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

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%