Investors Await Freedom

J.P. Morgan is set to launch a $1.1 billion facility backing the recapitalization of Freedom Communications.

  • 23 Jan 2004
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J.P. Morgan is set to launch a $1.1 billion facility backing the recapitalization of Freedom Communications. The facility is expected to come as a $100 million revolver, a $250 million "A" loan and $750 million"B" loan. Price talk on the "B" loan is LIBOR plus 21/4%. The ball park pricing on the pro rata could not be determined. The debt enables some family shareholders to remain in the business and others to cash out (LMW, 10/20). Blackstone Communication Partners, a fund of The Blackstone Group, and Providence Equity Partners are investing in the company. Calls to Blackstone and David Kuykendall, Freedoms's cfo, were not returned. A Providence spokeswoman declined comment.

  • 23 Jan 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) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%