BNP, Bear Stearns Lead Triumph

BNP Paribas and Bear Stearns last week launched syndication of a $260 million credit for Triumph Healthcare.

  • 30 Jun 2006
Email a colleague
Request a PDF

BNP Paribas and Bear Stearns last week launched syndication of a $260 million credit for Triumph Healthcare. The deal consists of a seven-year, $250 million first-lien term loan and an eight-year, $110 million second-lien term loan. Both are priced at LIBOR plus 3%.

Standard & Poor's took Triumph, along with LifeCare and Select Medical, off CreditWatch with negative implications, where they were placed in January due to proposed Medicare reimbursement cuts. The reimbursement cuts that were put in place starting July 1 were much less severe than the Centers of Medicare and Medicaid Services had first proposed. Calls to Larry Humphrey, cfo of Triumph, were not returned.

  • 30 Jun 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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 82,406.77 239 12.85%
2 Bank of America Merrill Lynch 71,317.58 219 11.12%
3 Wells Fargo Securities 62,984.09 198 9.82%
4 JPMorgan 45,920.23 145 7.16%
5 Credit Suisse 37,235.50 114 5.81%