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
Email a colleague
Request a PDF

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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%