Scandlines stays the course with IG loan

Denmark ferry operator Scandlines has signed a €305.6m infrastructure finance facility, with the recently junk rated ferry company reaffirming its place in the triple-B credit rating bracket with the deal.

  • By Mike Turner
  • 22 Aug 2019

The secured facility has a 12.5 year maturity. 

Despite the deal’s BBB rating from Fitch — in line with the company rating — there are still strong hints as to the borrower’s junk rated history and private equity ownership in the deal.

A portion of the financing will pay a ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 281,090.79 775 11.17%
2 Bank of America Merrill Lynch 262,220.47 804 10.42%
3 Citi 161,552.26 479 6.42%
4 Wells Fargo Securities 144,519.55 546 5.74%
5 MUFG 128,529.79 736 5.11%

Bookrunners of Middle East and Africa Loans

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1 First Abu Dhabi Bank 3,439.28 15 7.75%
2 Standard Chartered Bank 3,038.82 11 6.85%
3 Sumitomo Mitsui Financial Group 2,713.59 10 6.11%
4 Mizuho 2,626.00 11 5.92%
5 Citi 2,349.19 11 5.29%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 8,888.30 60 6.85%
2 Deutsche Bank 8,575.51 45 6.61%
3 Credit Agricole CIB 8,336.05 46 6.42%
4 JPMorgan 7,620.98 38 5.87%
5 Goldman Sachs 7,362.10 39 5.67%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 33,643.72 149 7.28%
2 Credit Agricole CIB 33,397.69 144 7.23%
3 JPMorgan 25,483.12 69 5.52%
4 Bank of America Merrill Lynch 23,368.44 65 5.06%
5 SG Corporate & Investment Banking 22,643.54 106 4.90%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • 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%