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) 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
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%