OpenLink plugs repricing of March buyout loans in tightening wave

In a further sign that the European leveraged loan market is approaching the end of the year on a hot note, trading software provider OpenLink is looking to reduce the spread on the leveraged buyout loans it sold in March.

  • By Victor Jimenez
  • 13 Nov 2018

OpenLink wants to tighten the margins on its $348m and €150m of term loans ‘B’. The dollars pay 500bp over Libor, the euros 450bp over Euribor. Both tranches are cov-lite and have ratings of B3/B- by Moody’s and S&P Global. UBS is leading the deal.

The original ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 19,012.51 88 7.60%
2 JPMorgan 16,881.55 58 6.75%
3 Deutsche Bank 15,679.29 58 6.27%
4 Credit Agricole CIB 14,083.69 66 5.63%
5 Goldman Sachs 13,902.00 61 5.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.82%
2 BNP Paribas 4,918.81 57 6.96%
3 Deutsche Bank 4,372.15 44 6.18%
4 JPMorgan 3,977.60 45 5.63%
5 Credit Suisse 3,757.05 40 5.31%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%