NationsRent Quoted Up

  • 23 Dec 2001
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NationsRent's debt was quoted in the mid-50s following an announcement early last week that the company had filed for Chapter 11 protection. The company announced last Monday that it had filed in an effort to restructure its debt. The company also obtained $55 million of debtor-in-possession financing led by FleetBoston Financial. Ezra Shashuoua, cfo, did not return calls for comment. Mark Baker, spokesman, confirmed that the company is restructuring its debt. "They have not filed a plan with the court. However, they're working closely with the banks on that and in due course will submit it to the court," he said.

Last Tuesday traders quoted the market at 54-56. In late November, the company's debt dropped to 45 from the mid-60s. Dealers noted that debt tends to get quoted up after a filing as market players anticipate restructuring packages that benefit the holders. Specifics about the restructuring were unavailable as dealers said they were unaware of how the deal would be re-worked.

  • 23 Dec 2001

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%