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
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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 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%