Stemcor casts syndication net wide for $650m refi

Steel trader Stemcor launched a new $650m credit facility on Tuesday, looking to follow in the footsteps of other commodities trading firms that have already successfully priced deals so far this year.

  • 23 Mar 2011

The one and three year facility has been launched to a large group of banks, including those that participated in the existing $562m 364 day line maturing in May that this new facility will replace.

Some 37 banks participated in that outstanding loan, which was led by ABN ...

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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

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1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%