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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%