Funds Flock To Flowserve

  • 14 Apr 2002
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The seven-year $730 million "B" loan for Flowserve has been well oversubscribed with over $1.25 billion in commitments received. The credit, led by Credit Suisse First Boston and Bank of America, will likely trade up once it breaks for trading, said one banker eyeing the deal. He also said a 1/4% flex down in pricing could be possible before closing. The "B" tranche, which backs the acquisition of Invensys' valve division, carries a LIBOR plus 31/ 4% spread. Sean Clancey, a spokesman for Flowserve did not return calls. CSFB is the syndication agent and B of A is administration agent on the deal. Flowserve expects to make cost savings of up to $15 million a year from the acquisition (LMW, 3/31).

  • 14 Apr 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%