BNP Looking For Smart & Final Lenders

  • 07 Oct 2001
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BNP Paribas is looking for commitments in exchange for tier one titles and early-bird upfront fees ahead of an Oct. 22 bank meeting that will be held in Los Angeles for a $150 million revolver for Smart & Final. A company official said BNP Paribas was chosen to lead the deal after the food company talked to several banks. "Smart & Final was impressed with the team though pricing is always an issue as well," he said. There was a wide range of scenarios quoted by the banks interviewed, probably because of the uncertainty of the market, said the source. One was 1/4% lower, others were 1/2% or 3/4% higher.

The revolver replaces the existing three-year facility that matures in November this year, according to a BNP official. Pricing is based on a grid and starts at LIBOR plus 21/ 2% out of the blocks with a 1/2% commitment fee. Pricing has been increased 1/4% relative to the existing deal. The Smart & Final employee said it is a tough market right now, but the company has good ties with its bank syndicate and the business is not highly GDP sensitive, with people still needing to eat.

  • 07 Oct 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%