CIBC, GE Shop Therma-Tru

  • 17 Nov 2002
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CIBC World Markets and General Electric Capital Corp. have at least two tickets in hand after a Nov. 8 bank meeting for Therma-Tru. The $305 million credit facility for the fiberglass door maker refinances existing bank debt, said a banker familiar with the deal. The line is split between a $75 million revolver priced at LIBOR plus 23/ 4% and a $230 million "B" loan with a LIBOR plus 31/ 4% spread. Agent banks also receive a 75 basis point fee on the revolver and 25 basis points upfront on the "B" piece, he noted. A CIBC banker declined to comment, while a GE banker did not return calls.

Commitments on the credit are due in the coming weeks, the banker stated. GE leads Maumee, Ohio-based Therma-Tru's existing facility, while CIBC is a new relationship for the company. Therma-Tru's debt is rated BB-/Ba3, with a leverage multiple under three times, he noted. David Haddix, Therma-Tru cfo, did not return calls. The existing line consists of a $50 million revolver, a $150 million "A" loan and a $135 million "B" piece. Pricing on the pro rata and "B" is LIBOR plus 3% and LIBOR plus 31/ 2%, respectively.

  • 17 Nov 2002

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%