Georgia Gulf Acquisition Deal Hits Mart

Four lenders teamed up to launch last Wednesday syndication of a $1.05 billion credit facility for Georgia Gulf to back the C$1.7 billion ($1.6 billion) acquisition of Royal Group Technologies.

  • 04 Aug 2006
Email a colleague
Request a PDF

Four lenders teamed up to launch last Wednesday syndication of a $1.05 billion credit facility for Georgia Gulf to back the C$1.7 billion ($1.6 billion) acquisition of Royal Group Technologies. The deal consists of a five-year, $300 million revolver and a seven-year, $750 million term loan. Pricing could not be determined. Bank of America, JPMorgan, Lehman Brothers and Merrill Lynch are leading the deal.

One investor looking at the deal and anticipated participating said that it was "a good, down the middle credit" that will get done.

Atlanta-based Georgia Gulf is a manufacturer and marketer of chlorovinyls and aromatics. The products are used in a wide variety of end-use applications, including construction and renovation, engineered plastics, pulp and paper products, chemical intermediates, pharmaceuticals and consumer products. Royal Group is based in Toronto and manufactures commodity chemicals, vinyl resins and vinyl compounds, which are used to manufacture vinyl building and construction products. Calls to Jim Matthews, cfo, were not returned. A spokeswoman declined comment.

  • 04 Aug 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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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%