Oaktree launches €220m Stock Spirits recap

Private equity firm Oaktree, owner of drinks group Stock Spirits, is raising €220m of leveraged loans to recapitalise the central European firm and bring its leverage back up to around 2.5 times Ebitda.

  • 09 Aug 2011

Oaktree has opted not to take a dividend to ensure syndication wraps up as quickly as possible.

“A dividend recap is certainly possible in CEE,” said one leveraged finance banker. “The region is quite detached from the turbulence — just compare Czech and Polish CDS to Spanish and Italian.

In ...

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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,847.77 272 11.13%
2 Bank of America Merrill Lynch 80,029.51 227 9.30%
3 JPMorgan 72,172.60 208 8.38%
4 Wells Fargo Securities 69,859.54 198 8.12%
5 Credit Suisse 58,056.32 149 6.74%