UBS, Bear Stearns Lead Spectrum Deal

UBS and Bear Stearns are syndicating a $170 million credit backing Spectrum Equity Investors' acquisition of QTC Management.

  • 21 Oct 2005
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UBS and Bear Stearns are syndicating a $170 million credit backing Spectrum Equity Investors' acquisition of QTC Management. The deal consists of a six-year, $15 million senior secured revolving credit facility at LIBOR plus 2 1/2%; a seven-year, $100 million senior secured first lien term loan at LIBOR plus 2 1/2%; and a seven-and-a-half year, $55 million senior secured second lien facility priced at LIBOR plus 6%.

The deal hit the market following a bank meeting last Tuesday and commitments are due by Oct. 31. The scheduled closing date for the deal is Nov. 4. Bankers at UBS and Bear Stearns did not return calls seeking comment. Calls to Randy Henderson, managing director and cfo at Spectrum, and Betty Louie, cfo at QTC, were not returned.

  • 21 Oct 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%