Merrill Markets Cookie Loan

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

  • 26 Aug 2005
Email a colleague
Request a PDF

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) 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%