Flurry of pre-IPO amendments for LevFin on the way

Leveraged loan bankers expect plenty of amendment requests in the coming months from borrowers wanting to raise initial public offerings, a trend highlighted this week by Amadeus, the Spanish travel group, launching an amendment on about Eu5.2bn of bank debt.

  • 04 Dec 2009
Sponsors, unable to sell their portfolio companies via secondary buy-outs, are looking to equity markets as the best way to exit businesses. Often companies need to amend their loans before any IPO, usually so that proceeds can be used to wipe out the junior debt before the senior ...

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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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5 Wells Fargo Securities 1,012.71 4 7.36%