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 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%