Coutu 'B' Loan Hits Mart

Syndication launched last week for the $1.1 billion term loan backing The Jean Coutu Group's acquisition of the Northeast and mid-Atlantic Eckerd Corp. stores.

  • 02 Jul 2004
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Syndication launched last week for the $1.1 billion term loan backing The Jean Coutu Group's acquisition of the Northeast and mid-Atlantic Eckerd Corp. stores. The institutional lender meeting was held last Wednesday. Bankers are waiting for ratings to determine pricing, but are initially guiding to the LIBOR plus 2 1/2-3/4% range. Deutsche Bank, Merrill Lynch and National Bank of Canada are leading the credit, which also includes a $350 million revolver and $250 million "A" loan.

Two weeks ago the lead banks signed on six managing agents on the pro rata, each taking $70 million tickets. The agent banks are Bank of Montreal, Bank of Nova Scotia, BNP Paribas, Royal Bank of Canada, Toronto Dominion Bank and Caisse de Depot. A retail meeting was held last Tuesday in Montreal, where $15-20 million tickets were offered. A Jean Coutu spokeswoman did not return calls. Deutsche Bank and Merrill bankers either did not return calls or declined comment.

 

  • 02 Jul 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%