BNP Leads Rosetta Financing

BNP Paribas is leading $475 million of loans to back Rosetta Resources' acquisition of Calpine Corp.'s oil and gas properties.

  • 26 Aug 2005
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BNP Paribas is leading $475 million of loans to back Rosetta Resources' acquisition of Calpine Corp.'s oil and gas properties. A bank meeting was held last Tuesday at the Four Seasons Hotel in Houston to launch syndication of the deal, which includes a $400 million revolver and a $75 million second-lien term loan.

Pricing could not be determined. Rosetta is an independent energy company created to hold Calpine's oil and gas assets in California, the Rockies and southern Texas. A call to Bob Kelly, executive v.p. and cfo, was not returned.

  • 26 Aug 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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%