Coffee group Jacobs Douwe Egberts smells tighter margins

The leveraged loan markets are so awash with demand that investors appear willing to allow Jacobs Douwe Egberts (JDE) to cut funding costs even as it extends maturities.

  • By Victor Jimenez
  • 11 Oct 2018

JDE is amending portions of its old euro and dollar term loans, into tranches of €401m and $772m at 99.75, with floors of 0.5%-0.75% and 0%, respectively. Ratings are Ba2/BB by Moody’s and S&P Global,

The borrower is extending maturities from 2021 to 2025, an exercise that ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,684.16 83 7.43%
2 Credit Agricole CIB 13,287.71 61 5.92%
3 Deutsche Bank 12,890.62 50 5.74%
4 Goldman Sachs 12,767.85 54 5.68%
5 UniCredit 11,414.29 66 5.08%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,048.40 37 7.53%
2 BNP Paribas 4,834.62 56 7.21%
3 Deutsche Bank 4,245.09 42 6.33%
4 JPMorgan 3,756.57 41 5.60%
5 Credit Suisse 3,672.86 39 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,149.85 147 10.09%
2 Goldman Sachs 14,341.06 101 7.56%
3 Credit Suisse 13,243.20 94 6.98%
4 Bank of America Merrill Lynch 12,775.52 117 6.73%
5 Morgan Stanley 12,558.86 88 6.62%