American Media Refinancing Hits Mart

A $510 million refinancing for American Media hit the market last Tuesday.

  • 13 Jan 2006
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A $510 million refinancing for American Media hit the market last Tuesday. The deal consists of a six-year, $60 million revolver and a seven-year, $450 million term loan "B." JPMorgan is leading the deal and Deutsche Bank is also involved in the financing. Both tranches are priced at LIBOR plus 3 1/4%. Commitments are due by the end of January.

American Media is the publisher of six of the largest circulation weeklies in the U.S. including Star, Weekly World News and the National Enquirer. Other publications include Health and Fitness, Shape and Men's Fitness. The company also produces more than 200 mini-magazines covering topics such as finance, family, health, pets, homes and relationships. Larry Bornstein, senior v.p., general management and planning at American Media, could not be reached by press time. Bankers did not return calls.

  • 13 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 %
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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%