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
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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 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 %
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1 Wells Fargo Securities 11,897.40 33 11.83%
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4 JPMorgan 7,997.38 24 7.95%
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