CalPERS Joins Foamex

  • 20 Jul 2003
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The California Public Employees' Retirement System (CalPERS) has joined the $240 million asset-based deal for Foamex International, according to a banker familiar with the credit. Bank One and Congress Financial also joined at the agent level after GE Capital signed on as a co-lead with original lead Bank of America, the banker added.

CalPERS has joined several asset-based deals directly, the banker noted, citing the asset-based credits for Kmart and Unisource Worldwide as examples. Non ABL loan investment is done through external managers, the banker added. CalPERS' external fixed-income managers include Highland Capital Management, ING Ghent Asset Management, Nomura Corporate Research & Asset Management, PIMCO and Shenkman Capital Management. A CalPERS spokeswoman declined to comment.

The credit includes a $190 million revolver and a $50 million term loan priced at LIBOR plus 3% and LIBOR plus 31/4% respectively. Hedge fund Silver Point Capital also provided a separate second lien, $80 million term loan to further back the bed and auto cushioning company's debt refinancing plans (LMW, 7/7). A B of A official declined to comment and a Foamex spokeswoman declined comment.

  • 20 Jul 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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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%