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) 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%