Deutsche Bank, J.P. Morgan Prep Apollo Financing

  • 21 Oct 2001
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Apollo Management ventured in the market last week with the acquisition of IMC Global's salt business for $640 million withJ.P. Morgan and Deutsche Bank set to lead a bank loan for Apollo. Credit Suisse First Boston will be providing a bridge to a bond offering and is expected to be on the bank credit. An equity investment of up to $160 million is said to be part of the deal.

An investor following the company said, "the company has big working capital needs, and so will require a large revolver." A term loan "B" will form a portion of the financing and investors will expect a generous spread, she said. Steven Anreder, a spokesman for Apollo, commenting on whether or not Apollo will have to pay the price of financing in a hostile market through either an increased equity investment or a larger spread, said the private equity firm would not have done the transaction if returns were not right. He declined all further comment.

  • 21 Oct 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%