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 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 %
  • Last updated
  • 24 Jul 2017
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%