GE Shops YFCS Buyout

GE Capital last week launched syndication of a $113 million facility backing TA Associates acquisition of Youth and Family Centered Services (YFCS).

  • 07 May 2004
Email a colleague
Request a PDF

GE Capital last week launched syndication of a $113 million facility backing TA Associates acquisition of Youth and Family Centered Services (YFCS). The facility comprises a six-year, $20 million revolver and seven-year, $93 million "B" loan. Price talk on the "B" loan and revolver is LIBOR plus 3 1/2% and LIBOR plus 3%, respectively.

GE is the lead on YFCS' existing $60 million credit facility. Closing senior leverage is roughly three times, while total leverage is around four times. The sponsor and management are providing about $115 million in junior capital. Richard Tadler, a managing director with TA Associates, and Mark Nunn, YFCS' cfo, did not return calls. A GE banker declined comment.

  • 07 May 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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%