Insurance Broker Extends Credit

  • 14 Sep 2003
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The Hilb, Rogal and Hamilton Company (HRH) amended and extended its $290 million credit facility, aligning the maturity of the revolver tranche closer with that of the institutional tranche, explained Carolyn Jones, senior v.p., cfo and treasurer. The company had a pro rata deal and added a $160 million "B" loan with a June 2007 maturity date to its credit last year. The credit's revolver, which was increased from $100 million to $130 million with the amended agreement, was set to expire in July 2004, but HRH extended the maturity to December 2006. The original deal had a $30 million "A" loan, but that has been paid down, Jones noted. Some of the "B" loan has amortized down, she added.

Wachovia Securities leads the credit, Jones said, noting that six of the seven banks that were previously in the revolver stayed in. Fleet National Bank withdrew from the amended deal. Jones did not say why Fleet departed. Bank of America and PNC Bank are other top tier lenders in the credit, with SunTrust Bank, Branch Banking and Trust and Comerica Bank also acting as participants. Pricing on the increased revolver is based on leverage and ranges between LIBOR plus 11/2% and LIBOR plus 2%. The "B" term loan is priced at LIBOR plus 23/4%.

  • 14 Sep 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
  • 24 Jul 2017
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%