Trio Set Chiquita Financing

Wachovia Securities, Morgan Stanley and Goldman Sachs are prepping a $600 million credit facility for Chiquita Brands International to fund its $855 million acquisition of Fresh Express.

  • 04 Mar 2005
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Wachovia Securities, Morgan Stanley and Goldman Sachs are prepping a $600 million credit facility for Chiquita Brands International to fund its $855 million acquisition of Fresh Express. The bank debt will consist of a $150 million revolver, a $100 million term loan "A" and a $350 million "B" loan. Pricing has not been set. Syndication for the deal will launch in approximately two weeks. A spokesman for Chiquita declined comment.

The banks originally committed to a $150 million term loan facility, a $350 million second term loan facility and a "C" loan, which would have gone into effect if holdings notes and convertible securities equaling $225 million were not issued prior to the closing date. The "C" loan will now be replaced with junior capital. The banks committed to a certain amount so Chiquita had enough to finance the acquisition, explained a banker, but this was lowered after Chiquita determined a more permanent capital structure.

  • 04 Mar 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%