BNP Paribas and First Union's $400 million credit for Hyatt has received approximately $300 million in commitments, including $50 million pieces from First Union, BANK ONE and Firstar Bank. J.P. Morgan Chase, the documentation agent, has also committed $75 million, noted a banker. BNP Paribas is syndication agent and First Union is administration agent for the deal, split between a three-year, $300 million tranche and a 364-day, $100 million tranche. All-in drawn pricing is tied to a grid opening at LIBOR plus 70 basis points. Commitment fees for $35 million and $25 million pieces get 20 basis points and 17.5 basis points, respectively. Officials at First Union and BNP Paribas declined to comment. Calls to officials at Hyatt were not returned.
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|Rank||Lead Manager/Arranger||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||SG Corporate & Investment Banking||1,260.06||2||126,006,164,037.19%|
|3||Wells Fargo Securities||430.57||1||43,057,020,785.00%|
|4||Meritz Financial Group Inc||192.86||1||19,286,162,593.99%|