Coinmach Term Loan Breaks For Trading

Coinmach Services Corp.'s $570 million term loan broke in the secondary market at 101 1/2 last week.

  • 15 Dec 2005
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Coinmach Services Corp.'s $570 million term loan broke in the secondary market at 101 1/2 last week. Deutsche Bank and JP Morgan lead the deal, which is priced at LIBOR plus 2 1/2% and includes a $340 million delayed-draw component.

The term loan will be used to refinance $230 million of existing term debt, while the remaining will be used to retire 9% notes due 2010. Pricing was originally set at LIBOR plus 2 3/4%. Twenty-five basis points were sliced off the loan because of oversubscription (CIN, 12/12).

Coinmach officials did not return calls by press time.

  • 15 Dec 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%