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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%