StarBev banks plan small selldown after year’s biggest LBO

The leveraged loan market cheered on Thursday morning as AB InBev sold its central and eastern European assets to CVC for about Eu1.5bn. The deal was backed by about Eu700m of senior debt and marks the biggest leveraged buyout in Europe this year.

  • 15 Oct 2009

“It’s good news to see it getting done,” said a leveraged loan banker. “It’s good confidence for the market.”

The Eu690m financing for the company, which CVC will rename StarBev, is split into a Eu80m three year term loan A’’, priced at 525bp over Euribor, and two five year ...

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 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 128,864.18 374 11.17%
2 Bank of America Merrill Lynch 102,984.87 299 8.93%
3 JPMorgan 101,325.97 295 8.78%
4 Wells Fargo Securities 91,373.90 263 7.92%
5 Credit Suisse 76,082.53 203 6.60%