Philips signs Eu1.8bn revolver, extending maturities as others line up to reprice

Philips has completed a Eu1.8bn revolver, refinancing a facility signed last year, as bankers said that other borrowers, including Henkel and Anheuser-Busch InBev, may return to the market to reprice facilities signed in 2010.

  • 15 Apr 2011
Dutch consumer electronics group Philips has extended the maturity of its Eu1.8bn revolver to February 2016, cutting the pricing to 40bp, linked to a ratings grid, after pricing its five year line at 75bp last year. The new deal also carries two extension options. Philips has never drawn ...

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 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 %
  • Last updated
  • Today
1 RBC Capital Markets 801.51 2 17.07%
2 Wells Fargo Securities 606.78 3 12.93%
3 Credit Suisse 407.63 1 8.68%
3 Barclays 407.63 1 8.68%
5 Deutsche Bank 331.13 2 7.05%