Magnum Deal Launches

  • 24 Feb 2002
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Deutsche Bank launched syndication of a $500 million credit for Magnum Hunter Resources last week after landing the lead role amid stiff competition from other banks. The new credit facility partially funds the merger with Prize Energy and refinances the existing credit lines of both companies, said a source, who declined to name the other banks bidding for the role. Pricing is LIBOR plus 21/ 4% on the three-year line, said a banker. Chris Tong, Magnum's senior v.p. and cfo, did not return calls by press time. Magnum is an independent exploration and development company involved in the crude oil and natural gas markets.

Deutsche Bank leads the incumbent Magnum line, which will be amended to increase the borrowing base from $160 million to the $500 million level. Last fall, Magnum increased the borrowing level from $35 million to $160 million by acquiring oil and gas properties in New Mexico that acted as collateral (LMW, 10/7). The addition of three new banks, Credit Agricole Indosuez, ABB Energy Capital and Hibernia National Bank also enabled the increase. Officials at Deutsche Bank declined comment.

  • 24 Feb 2002

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%