CSFB Launches Playtex

  • 12 May 2002
Email a colleague
Request a PDF

Playtex Products is returning to the market with a seven-year, $470 million term loan "C" via sole lead arranger and administration agent Credit Suisse First Boston. Pricing on the line is a skinny LIBOR plus 21/ 2%, which is 75 basis points below pricing on the $325 million "B" tranche arranged this time last year (LMW, 5/3/01). The bank meeting was held last Thursday for the BB-/Ba3 name. Officials at Playtex did not return calls.

CSFB is also coming to the market with a $350 million refinancing deal for Sybron Dental. The company makes products used in orthodontics and general dentistry and the bank loan is rated BB-/Ba3. The loan comprises a $150 million, five-year revolver and a seven-year $200 million "B" tranche. Pricing on the revolver is LIBOR plus 21/ 4% and on the "B" LIBOR plus 23/ 4%. There is also a 1/2% commitment fee on the revolver. The bank meeting date has not yet been set and CSFB officials did not return calls.

 

  • 12 May 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%