Buysiders Look For More 'B' On DaVita Deal

  • 08 Apr 2001
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Buysiders said they are hoping Credit Suisse First Boston and Bank of America will increase the $175 million "B" tranche on the $425 million credit launched for healthcare concern DaVita, Inc. two weeks ago. Buysiders said the "B" is oversubscribed as a result of a well structured credit and desire by buysiders to up their allocations to the sector. A buysider noted that the $250 million pro rata continues to struggle in the face of a tough pro rata market while the "B" blew out and the bond market, also hot for the sector, is reportedly offering a coupon of roughly 9 1/4% on the notes. Richard Whitney, cfo, was not available for comment by press time. Credit Suisse First Boston and Bank of America did not return calls.
  • 08 Apr 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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%