Hertz Pulls Into Mart

Deutsche Bank, Lehman Brothers and Merrill Lynch hit the market last week with the $3.85 billion financing backing the leveraged buyout of Hertz by The Carlyle Group, Clayton Dubilier & Rice and Merrill Lynch Global Private Equity.

  • 02 Dec 2005
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Deutsche Bank, Lehman Brothers and Merrill Lynch hit the market last week with the $3.85 billion financing backing the leveraged buyout of Hertz by The Carlyle Group, Clayton Dubilier & Rice and Merrill Lynch Global Private Equity. The deal consists of a $2 billion, seven-year term loan; a $1.6 billion, five-year asset-based revolver; and a $250 million synthetic letter of credit, according to a spokesman at Deutsche Bank.

Price talk on the revolver is LIBOR plus 2 1/4%, while the term loan is being talked at between 2 1/2- 3 /4%. The deal is expected to close sometime in late December, possibly around the third week of the month. Officials at Hertz could not be reached for comment. A call to Merrill Lynch was not returned. A spokesman at Lehman declined comment.

  • 02 Dec 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%