Second-Lien Lenders Build Positions In Quality Home Brands

Investors sought to accumulate positions in Quality Home Brands' new $100 million second-lien loan priced at LIBOR plus 6 1/4%, helping to boost its trading levels on its break in the secondary market last week.

  • 16 Jun 2006
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Investors sought to accumulate positions in Quality Home Brands' new $100 million second-lien loan priced at LIBOR plus 6 1/4%, helping to boost its trading levels on its break in the secondary market last week. The second lien broke at 101 1/4, while its $290 million first lien broke at 100 3/8. Bear Stearns and BNP Paribas lead the deal, which backs Quality Home Brands' acquisition of Encompass Lighting (CIN, 6/9).

A trader said the second lien had small allocations and that several accounts were trying to build positions in the debt. Original price talk was in the LIBOR plus 6 1/2-6 3/4% range. The first lien is priced at LIBOR plus 2 1/2%. The deal was reworked due to oversubscription; the original credit consisted of a $270 million first lien and a $120 million second lien. A call to William Haley, cfo, was not returned.

  • 16 Jun 2006

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%