ADB Safegate bolts on for acquisition

Belgium’s ADB Safegate has raised €59m in the leveraged loan market through a bolt-on transaction, with the airport services provider set for its acquisition of the UK’s Ultra Electronics Airport Systems.

  • By Mike Turner
  • 22 Nov 2018

Carlyle-owned ADB Safegate raised the debt at an issue price of 99.5 and it became fungible to its existing €285m 2024 term loan ‘B’.

The loan has kept its margin of Euribor plus 350bp.

Credit Suisse was the sole bookrunner on the cov-lite deal. The Swiss bank took the ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 541.47 4 14.79%
2 Credit Agricole CIB 484.94 3 13.25%
3 SG Corporate & Investment Banking 251.10 3 6.86%
4 Natixis 230.66 3 6.30%
5 HSBC 194.57 2 5.32%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 646.47 4 13.48%
2 Deutsche Bank 449.87 3 9.38%
3 UniCredit 362.37 2 7.55%
3 Intesa Sanpaolo SpA 362.37 2 7.55%
5 BNP Paribas 336.21 2 7.01%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 4,062.98 27 10.98%
2 JPMorgan 3,365.43 24 9.10%
3 Morgan Stanley 2,808.35 19 7.59%
4 Goldman Sachs 2,634.46 19 7.12%
5 Barclays 2,610.00 21 7.05%