Pfleiderer returns to loan market to refinance post-restructuring bond

Pfleiderer, the Warsaw-listed wood-based materials maker, has re-entered the leveraged loan market with a €450m deal.

  • By Max Bower
  • 20 Mar 2017

A bank meeting was held on Wednesday in London for a €350m seven year cov-lite term loan and a €100m five year revolving credit facility, guided at 325bp-350bp, offered at 99.5-99.75, and 300bp respectively.

Both have a 0% floor.

The deal marks Pfleiderer’s return to the leveraged finance market ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,781.63 81 8.58%
2 BNP Paribas 19,294.09 119 6.42%
3 Goldman Sachs 15,391.58 63 5.12%
4 HSBC 14,724.27 93 4.90%
5 Deutsche Bank 14,561.60 84 4.84%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 36,690.71 286 10.74%
2 Citi 28,630.88 229 8.38%
3 Bank of America Merrill Lynch 28,330.35 247 8.30%
4 Goldman Sachs 24,712.66 181 7.24%
5 Barclays 22,931.34 152 6.71%