CSFB Preps ESP Refi

Credit Suisse First Boston is working on a refinancing for Environmental Systems Products, a vehicle emissions and safety testing company.

  • 26 Oct 2003
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Credit Suisse First Boston is working on a refinancing for Environmental Systems Products, a vehicle emissions and safety testing company. A buysider said the refinancing will enable the company to tender for preferred stock and refinance its capital structure, but CSFB bankers did not return calls and this could not be confirmed. A company spokeswoman also did not return calls by press time. The new credit is for up to $295 million and includes a $125 million, seven-year second-lien loan that is priced at LIBOR plus 61/2%. A five-year, first-lien loan is being shopped in the $125-150 million range with a spread of LIBOR plus 31/2%. A $20 million revolver is also priced at LIBOR plus 31/2% and has a 1% commitment fee.

  • 26 Oct 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 %
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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%