Schneider Electric to issue bridge loan in September

French electric firm Schneider Electric will open a £2.56bn bridge loan to syndication in September. The deal, underwritten by Bank of America, BNP Paribas and Deutsche Bank, will back the company’s £3.4bn acquisition of UK engineering group Invensys.

  • By Olivier Holmey
  • 07 Aug 2013

The one year credit facility, which can be extended by a year, will initially be priced at 30bp over Libor. The margin will then increase by a further 15bp every three months, to reach 75bp over after nine months. 

Pricing will increase to 100bp over once a whole year ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 80,818.31 235 11.64%
2 Bank of America Merrill Lynch 65,088.22 185 9.37%
3 Wells Fargo Securities 56,145.09 163 8.08%
4 JPMorgan 53,381.65 156 7.69%
5 Credit Suisse 44,872.46 115 6.46%