JPM, Bear Stearns Shop Chemical Buyout

J.P. Morgan and Bear Stearns launched syndication last Tuesday for a $145 million credit for Resolution Specialty Materials.

  • 25 Jun 2004
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J.P. Morgan and Bear Stearns launched syndication last Tuesday for a $145 million credit for Resolution Specialty Materials. The loan backs Apollo Management's $215 million acquisition of certain businesses and product lines from Eastman Chemical Co. The deal consists of a $30 million revolver and $115 million "B" loan. Price talk is reportedly LIBOR plus 3% on both tranches. The revolver is due in five years, while the term loan matures in six. A J.P. Morgan spokesman, Bear Stearns banker and Apollo spokesman declined comment.

  • 25 Jun 2004

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Citi 82,367.33 238 12.89%
2 Bank of America Merrill Lynch 71,317.58 219 11.16%
3 Wells Fargo Securities 62,984.09 198 9.86%
4 JPMorgan 45,920.23 145 7.19%
5 Credit Suisse 37,235.50 114 5.83%