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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

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%