Bank of America is set to syndicate a $75 million credit facility for Atlanta-based The Profit Recovery Group. The loan will be used to fund the merger and integration costs emanating from the planned acquisition of Howard Schultz & Associates, said Leslie Kratcoski, director of investor relations for Profit Recovery. Bank of America supplied the previous credit line, she said. The old facility has now been cancelled, she added with a charge of $2.6 million. The company provides recovery audit services. Kratcoski could not comment on the pricing or timeframe for completion at press time.
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|Rank||Lead Manager/Arranger||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||10.66|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||SG Corporate & Investment Banking||1,260.06||2||126,006,164,037.19%|
|3||Wells Fargo Securities||430.57||1||43,057,020,785.00%|
|4||Meritz Financial Group Inc||192.86||1||19,286,162,593.99%|