It took a little house work, but Tapco Carpentry's bank debt is slowly but surely moving up and is now bid at 97 1/2. The paper was offered at 96 1/2 a few weeks ago and has slowly inched up in a series of trades. Tapco, based in Plymouth, Mich., constructs shutters for houses. A company spokesman could not be reached by press time. Tapco has a $217 million credit facility that expires in 2008. Well Fargo Bank and Morgan Stanley lead the deal, according to Capital DATA Loanware.
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Most Viewed: Securitization
|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%|