Duo Preps Oriental Trading Dividend

BNP Paribas and Credit Suisse First Boston will launch a bank deal backing a dividend recapitalization for Brentwood Associates portfolio company Oriental Trading Co. in the coming weeks.

  • 01 Dec 2003
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BNP Paribas and Credit Suisse First Boston will launch a bank deal backing a dividend recapitalization for Brentwood Associates portfolio company Oriental Trading Co. in the coming weeks. A banker said there will be a $25 million increase to the existing first-lien loan and a new $75 million second-lien loan added to fund the dividend. "The company is beating [its] numbers and there is the opportunity to do this," a banker said.

Oriental Trading already has a seven-year $2 million "B" loan, put in place during a recapitalization in the summer (LMW, 7/13). There is likely to be some increase to the current first-lien pricing of LIBOR plus 2 3 / 4 %, one banker added, but there are no specifics at this stage. Officials at Brentwood did not return calls and bankers at the two leads declined comment.

 

  • 01 Dec 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%