Water Co. Wraps Up Debut Syndicated Line

Southwest Water Company has completed its first syndicated loan with Bank of America and Union Bank of California.

  • 15 Apr 2005
Email a colleague
Request a PDF

Southwest Water Company has completed its first syndicated loan with Bank of America and Union Bank of California. The facility consists of a five-year, $100 million revolver, which replaces two facilities totaling $50 million that was due 2006. Citigroup, CoBank and Bank of the West are also involved in the syndicate. Pricing on the facility is set on a leveraged and ratings-based grid.

The two lead banks previously led separate $25 million loans for the company. Cheryl Clary, cfo, said the facility would be used for general corporate purposes. In addition to relationship, the two leads were considered because they are the leading middle market lenders in Los Angeles., she added.

The Los Angeles-based company provides services for water production, treatment and distribution and public works services. It owns regulated public utilities and also serves cities and private companies under contract.

  • 15 Apr 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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

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%