Lenders given two weeks to digest United Biscuits' loans

Investors have until July 10 to commit to United Biscuits' £725m refinancing loan package. The debt, issued last Wednesday, will be discussed at a bank meeting to be held later today (July 1).

  • By Olivier Holmey
  • 01 Jul 2013
It will substitute all-senior credit facilities for United Biscuits' second lien and mezzanine lines, and will neither pay a dividend to the company's owners nor increase the company's debt to Ebitda ratio. 
The sale of its KP Snacks business to German group Intersnack for around £500m last year, along ...

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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,666.05 302 8.96%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.89%
5 Credit Suisse 76,186.18 204 6.58%