KKR secures low-levered financing for Acteon stake

The bookrunners on the £405m of loans backing KKR’s acquisition of the majority of oil and gas services group Acteon will hold a bank meeting in London next week to launch the deal.

  • 12 Oct 2012

Commerzbank, DNB, HSBC, KKR Capital Markets and Lloyds are bookrunners on the loans, which take leverage to around 2.1 times Ebitda. GE Capital and Mizuho are mandated lead arrangers.

A banker close to the deal said the debt facilities had been structured as a "lowly-levered, crossover-style transaction" that would ...

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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 %
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1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%