UBS To Launch Axia Acquisition Financing

UBS is expected to launch tomorrow syndication of a $175 million first-lien deal to back Aurora Capital Group's purchase of Axia and its operating subsidiaries including Ames Taping Tool Systems, TapeTech Tool Co. and Ames Taping Tools of Canada from Cortec Group.

  • 23 Nov 2005
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UBS is expected to launch tomorrow syndication of a $175 million first-lien deal to back Aurora Capital Group's purchase of Axia and its operating subsidiaries including Ames Taping Tool Systems, TapeTech Tool Co. and Ames Taping Tools of Canada from Cortec Group. The financing is broken into a five-year, $25 million revolver and a seven-year, $150 million term loan. Both tranches are being talked at LIBOR plus 2 3/4%. Aurora and Ames management will also be making an equity contribution to the deal.

Aurora signed a definitive agreement to acquire Axia Nov. 10. Through its subsidiaries, Axia designs, manufactures, markets and distributes automatic taping and finishing tools used by residential and commercial interior drywall contractors. Calls to Scott Schafler, Cortec's president, and Gerald Parsky, a partner at Aurora, were not returned.

  • 23 Nov 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%