BNP Funds Hudson LBO

Hudson Products is in the market for a $120 million senior secured credit facility from BNP Paribas to finance Sterling Group's leveraged buyout from Madison Capital Partners, according to a banker.

  • 22 Nov 2006
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Hudson Products is in the market for a $120 million senior secured credit facility from BNP Paribas to finance Sterling Group's leveraged buyout from Madison Capital Partners, according to a banker. The seven-year deal consists of a $25 million revolver and a $95 million term loan "B." Both tranches are priced at LIBOR plus 3 3/4%, the banker said. The price of the transaction could not be determined.

Based in Sugar Land, Texas, Hudson is a designer and manufacturer of air-cooled heat exchanger equipment. Madison Capital bought Hudson from Babcock & Wilcox Investment in July 2002 for approximately $40 million. Christopher Yunkun, Hudson ceo, referred calls to Madison Capital where a representative did not return calls. Calls to a Sterling Group representative were also not returned.

  • 22 Nov 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

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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%
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