Exide Ticks Up With Exit Pursuit

  • 15 Jun 2003
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A $10 million block of Exide Technologies' bank debt traded up roughly two to three points this week in the 59-60 range. The company has filed a request with the bankruptcy court authorizing the payment of due diligence fees for exit financing. Exide is currently negotiating a $400-450 million exit financing with a number of firms, noted Matthew Kleiman, a partner at Kirkland & Ellis and an attorney for Exide. Kleiman suggested that the pursuit of exit financing could be an indication that the company was getting closer to its goal of emerging from bankruptcy in the fall. The battery maker filed for bankruptcy last April. Calls to Biagio Vignolo, executive v.p. and cfo, were not returned.

 

  • 15 Jun 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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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3 Wells Fargo Securities 81,461.44 248 9.63%
4 JPMorgan 58,998.35 186 6.97%
5 Credit Suisse 44,382.59 136 5.24%