Harris Preps Toy Credit

  • 09 Feb 2003
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Harris Trust & Savings Bank is leading a $140 million credit backing Racing Champions Ertl's acquisition of Learning Curve International. A banker familiar with the deal could not confirm structural details. The transaction is expected to close by March 15. Following the union of the two Illinois-based toy companies, funded debt to EBITDA figures are expected to be under two times.

The purchase price of the acquisition covers $106.7 million in cash, less debt and capital leases and 666,667 shares of Racing Champion's common stock. There is also an additional consideration of $6.5 million based on sales and margin targets. A Harris official declined to comment, while Jody Taylor, Racing Champions executive v.p., cfo and secretary, did not return calls before press time.

  • 09 Feb 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%