Watermark
Go to Asia edition

GKN takes £500m bridge for Volvo Aero takeover

UK engineering firm GKN’s Skr6.9bn (£633m) takeover of Volvo Aero will be partly financed by a £500m 18 month bridge loan, which is expected to be swiftly taken out in the bond market.

  • 05 Jul 2012

The remainder of the acquisition financing for the Ba1/BB+/BBB- rated UK firm will be found from a £140m placing of new ordinary shares — approximately 5% of GKN’s current market capitalisation. JP Morgan and UBS are leading the share placement as bookrunners.

Volvo Aero designs, engineers and manufactures components ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial
Log in

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
View full table
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 %
View full table
For detailed analysis: Dealogic
  • 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%