WorldTravel Launches

Bank of America and ING Barings last Tuesday launched syndication of a $405 million credit for WorldTravel BTI to fund the acquisition of SYNERGI, a business travel network.

  • 31 Mar 2006
Email a colleague
Request a PDF

Bank of America and ING Barings last Tuesday launched syndication of a $405 million credit for WorldTravel BTI to fund the acquisition of SYNERGI, a business travel network. The transaction consists of a five-year, $165 million term loan "A" and a five-year, $240 million revolving credit facility. Both tranches are priced at LIBOR plus 2 1/2%.

Following the Jan. 9 acquisition, WorldTravel rebranded SYNERGI and renamed it TTC Global Network. "The deal should be beneficial to them," one investor stated. "They're acquiring a business that integrates into their core [business]; they could really make out well," he added.

Based in Atlanta, WorldTravel BTI is a business travel agency that services large corporations such as PepsiCo, DuPont and Deloitte & Touche. The company has 600 locations throughout the U.S. and supplies real-time flight information, hotel rates and maps to travelers. Calls to Tom Barham, cfo at WorldTravel BTI, were not returned. Bankers at B of A declined to comment and calls to bankers at ING were not returned.

  • 31 Mar 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%