The bondholder committee of financially distressed Dutch cable operator United Pan-Europe Communications (UPC) has tapped Greenhill & Co. as a financial advisor in its negotiations with the company. A member of the committee says Greenhill has been searching for a strategic investor to pay down a E1 billion exchangeable loan held by UPC parent UnitedGlobalCom (UGC). The committee member has expressed concern that UGC intends to use the loan to gain a disproportionate equity stake in the restructured company (BW, 2/11). He says several potential investors have expressed interest in paying down the loan. However, he would not name the investors. Michael Kramer, a partner in Greenhill's New York office working with the committee, did not return calls.
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||6,703||19||10.45|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||Wells Fargo Securities||67,591.81||167||11.54%|
|2||Bank of America Merrill Lynch||57,568.62||162||9.83%|