JPM, CIBC Set Terms On Progressive Buyout Loan

J.P. Morgan and CIBC World Markets are in the market with a C$415 million facility backing Thomas H. Lee Partners' acquisition of Progressive Moulded Products from Oak Hill Capital Partners.

  • 16 Jul 2004
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J.P. Morgan and CIBC World Markets are in the market with a C$415 million facility backing Thomas H. Lee Partners' acquisition of Progressive Moulded Products from Oak Hill Capital Partners. The facility comprises a C$50 million revolver, C$75 million "A" loan and C$290 million "B" loan. The "B" loan will be U.S. dollar-denominated and is roughly $220 million. The Canadian dollar-denominated pro rata is being syndicated out of Toronto. Price talk is LIBOR plus 3% on the entire facility. The credit hit the market last Thursday. Progressive is a provider of plastic automotive interior subsystems. A J.P. Morgan spokesman and CIBC bankers declined comment. A T.H. Lee spokesman did not return calls.

 

  • 16 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%