Socotec reverse flexes to 500bp over

Investors have until noon on Thursday to commit to the reverse flexed pricing on the term loan ‘B’ backing the takeover of French engineering firm Socotec. The margin on the €100m seven year line has been tightened from 525bp over Euribor to 500bp over.

  • 18 Feb 2013

According to bankers close to the deal, the facility was already well oversubscribed before the reverse flex was initiated, and they expect the deal to be easily covered on the amended terms.

BNP Paribas, Crédit Agricole and Société Générale are global co-ordinators on the deal, also acting as ...

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 120,126.76 346 12.85%
2 Bank of America Merrill Lynch 99,988.41 288 10.70%
3 Wells Fargo Securities 88,516.28 265 9.47%
4 JPMorgan 69,113.88 208 7.39%
5 Credit Suisse 51,313.00 155 5.49%