Focus lev loan faces another hurdle as shareholder group files suit, syndication still going strong

Focus Media Holding’s $1.525bn leveraged loan is reaching the end game, after its bookrunners received eight chunky commitments in senior syndication. But several shareholders in the company are trying to derail the part-management buyout at the last minute, after raising questions about the valuation, writes Rashmi Kumar.

  • 15 Mar 2013
The Chinese digital media company has gathered commitments worth $410m so far, and one more bank looks likely to commit before the deal wraps up on Friday (March 15), said a banker working on the loan. There has already been enough demand that general syndication now seems pointless, ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%