Fotolia hopes new deal will be picture perfect

American stock photo website Fotolia has opened a new cross-border $300m loan to refinance its existing debt and for a dividend recapitalisation. The debt package is expected to comprise a $200m first lien loan denominated in dollars, and a second lien facility of $100m-equivalent denominated in euros.

  • 10 Jun 2013

The maturities of the two pieces will be between seven and 7-1/2 years.

The money raised will serve to refinance Fotolia’s existing debt, fund dividends to shareholders, retain some cash on the company’s balance sheet and pay fees and expenses related to the transaction.

Fotolia’s net first lien and ...

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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%