TLC Health Care Prepped

Bank of America and UBS are preparing to launch syndication of a $190 million credit for TLC Health Care Services.

  • 31 Mar 2006
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Bank of America and UBS are preparing to launch syndication of a $190 million credit for TLC Health Care Services. The deal, which is set to hit the market Thursday, is made up of a five-year, $20 million revolver; a six-year, $120 million term loan and a seven-year, $50 million second-lien term loan. Pricing on the deal could not be determined.

TLC is using the credit to pay down its existing debt associated with the acquisition of Northwestern Memorial Home Health Care last September. Located in Lake Success, N.Y., TLC Health Care Services provides home health care services for the elderly. Calls to William Derr, cfo and senior v.p. at TLC, were not returned. A spokesman at the company declined to comment as did bankers at B of A. A call to UBS was not returned.

  • 31 Mar 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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

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1 Citi 99,251.11 279 13.15%
2 Bank of America Merrill Lynch 90,895.27 265 12.04%
3 Wells Fargo Securities 72,661.39 222 9.63%
4 JPMorgan 52,367.24 169 6.94%
5 Credit Suisse 41,885.89 127 5.55%