Trio Set Rental Reprice

J.P. Morgan, Banc of America Securities and Credit Suisse First Boston are leading the repricing and refinancing of United Rentals' $1.55 billion credit facility.

  • 23 Jan 2004
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J.P. Morgan, Banc of America Securities and Credit Suisse First Boston are leading the repricing and refinancing of United Rentals' $1.55 billion credit facility. Pricing on the facility is being cut from LIBOR plus 3% to LIBOR plus 21/4%. The loan comprises a $650 million revolver, $750 million "B" loan and $150 million synthetic letter of credit facility. The revolver matures in 2009 and carries a 50 basis point commitment fee. The term loan and letter of credit facility mature in 2011. Citibank is co-documentation agent with CSFB. The deal launched last Wednesday. United Rentals officials could not be reached by press time.

  • 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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%