Merrill Markets Cookie Loan

Merrill Lynch is in the market with a seven-year, $170 million term loan for Otis Spunkmeyer.

  • 26 Aug 2005
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Merrill Lynch is in the market with a seven-year, $170 million term loan for Otis Spunkmeyer. The loan is priced at LIBOR plus 2 3/4%. The deal refinances the cookie company's existing $150 million term loan, which has $132.5 million outstanding. It is expected to close in the next week or two.

Moody's Investors Service assigned a B1 ranking to the deal, saying the company is supported by its dominant position in the frozen cookie dough category but has high operation leverage, reflecting 100% leased distributing and manufacturing facilities. It had about $305 million in net sales for the 2004 fiscal year. Ahmad Hamade, cfo, declined to comment.

  • 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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%