GE Leads Ames DIP

  • 26 Aug 2001
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GE Capital is planning to syndicate a $700 million debtor-in-possession credit line for Ames Department Stores, after the troubled discount retailer filed for Chapter 11 bankruptcy protection. A banker said that the $700 million revolver will be syndicated, though he was unable to provide pricing or a timeframe. GE Capital spokesman John Oliver declined to comment on the loan. Calls to Ames CFO Rolando de Aguiar were referred to a spokeswoman for Ames, who confirmed that GE Capital would be providing a $700 million credit line and Kimco Funding would provide $55 million.   The Ames spokeswoman said the company has received interim approval from the bankruptcy court for its $755 million post-petition financing. The interim approval immediately makes available to the company up to $628 million to acquire merchandise, fund daily operations, pay its associates and retire the existing credit agreements. A hearing on the final approval of the financing is set for Sept. 17, 2001.
  • 26 Aug 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%