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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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%