Ameritrade Financing Launches

Citigroup is leading a $2.2 billion bank financing backing Ameritrade's acquisition of TD Waterhouse Group, the U.S. discount brokerage operation of Toronto Dominion Bank.

  • 06 Jan 2006
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Citigroup is leading a $2.2 billion bank financing backing Ameritrade's acquisition of TD Waterhouse Group, the U.S. discount brokerage operation of Toronto Dominion Bank. The combined entity will operate under the name TD Ameritrade. The deal consists of a five-year, $300 million revolver; a six-year, $250 million term loan "A" and a seven-year, $1.65 billion term loan "B." Pricing could not be determined by press time. The deal will also pay a special dividend of $2.4 billion or about $6 a share.

The bank meeting last Thursday at the Four Seasons hotel in New York was well attended, according to an investor, and the presentation lasted over two hours. Commitments are due by Jan.17. Merrill Lynch, UBS and JPMorgan are also involved. According to a Securities and Exchange Commission filing, the deal has initial leverage of 2.1 times. A Citigroup spokesman was unavailable for comment. Calls to TD Waterhouse and Ameritrade were unreturned.

  • 06 Jan 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%