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) 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%