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 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%