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EuroWeek Poll: Mezz may be needed to plug leverage gap

Mezzanine lenders will play a larger role in LBO financings as demand for leveraged loans and high yield bonds dries up, according to a EuroWeek survey of market participants.

  • 31 Aug 2011

Some 60% of those polled thought that mezz offered flexibility to sponsors and was the natural way to fill the funding gap.

Bookrunners on Securitas Direct’s Skr21bn (€2.3bn) LBO debt were able to derisk recently by replacing some of their bridge to high yield bond loans with a ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
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1 Wells Fargo Securities 1,276.60 4 13.30%
2 RBC Capital Markets 801.51 2 8.35%
3 China Merchants Securities Co Ltd 788.68 2 8.21%
4 Citi 783.55 4 8.16%
5 Everbright Securities Co Ltd 708.94 1 7.38%