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 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%