Lehman, J.P. Morgan Launch GNC

Lehman Brothers and J.P. Morgan have launched syndication of the $360 million bank loan backing Apollo Management's $750 million buyout of nutritional supplement supplier General Nutrition from Royal Numico.

  • 16 Nov 2003
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Lehman Brothers and J.P. Morgan have launched syndication of the $360 million bank loan backing Apollo Management's $750 million buyout of nutritional supplement supplier General Nutrition from Royal Numico. There is also a $190 million bond offering. The bank debt is split into a six-year, $285 million "B" loan priced at LIBOR plus 31/4% and a five-year, $75 million revolver at a spread of LIBOR plus 3%. Total and senior leverage is at 3.5 times and 2.2 times. "It's a tough deal," said investors, with one noting that the lease-adjusted leverage is high. Bankers at Lehman and a J.P. Morgan spokesman did not return calls.

 

  • 16 Nov 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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Aug 2017
1 Citi 73,217.70 205 13.50%
2 Bank of America Merrill Lynch 64,298.92 202 11.86%
3 Wells Fargo Securities 54,013.21 172 9.96%
4 JPMorgan 40,335.50 139 7.44%
5 Credit Suisse 30,239.23 97 5.58%