Teva refinances RCF, reducing it to $2.3bn

Teva Pharmaceutical Industries has completed a $2.3bn loan syndication, to replace a $3bn revolving credit facility.

  • By Mariam Meskin
  • 10 Apr 2019

The Israeli generic drugs company is rated Ba2/BB/BB.

Coordinating bookrunners and mandated lead arrangers were Bank of America Merrill Lynch and HSBC. 

Bookrunners and MLAs were Barclays, BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan, Mizuho, Morgan Stanley, MUFG, SMBC and PNC Bank. 

Banca Imi was a lead arranger. 

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 215,144.94 568 11.30%
2 Bank of America Merrill Lynch 197,686.07 611 10.38%
3 Citi 118,653.22 358 6.23%
4 Wells Fargo Securities 103,610.68 384 5.44%
5 MUFG 101,116.94 577 5.31%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,299.26 7 9.41%
2 Standard Chartered Bank 3,013.82 10 8.60%
3 First Abu Dhabi Bank 2,953.95 12 8.43%
4 BNP Paribas 2,737.23 6 7.81%
5 Citi 2,083.52 9 5.94%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,725.19 29 6.33%
2 JPMorgan 5,589.28 27 6.18%
3 Credit Agricole CIB 5,555.86 31 6.14%
4 Deutsche Bank 5,234.59 31 5.79%
5 BNP Paribas 4,989.41 40 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,016.33 112 7.96%
2 Credit Agricole CIB 25,940.57 107 7.37%
3 JPMorgan 21,834.93 53 6.20%
4 Bank of America Merrill Lynch 21,382.31 54 6.07%
5 SG Corporate & Investment Banking 16,903.46 80 4.80%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%