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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%