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 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%