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, ...

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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%