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||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%|