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) 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%