Picard Surgelés revolver up Eu20m in Eu975m deal

The revolver backing the Eu1.5bn buy-out of Picard Surgelés, the French frozen foods company, has been increased to Eu50m from Eu30m. Meanwhile, syndication of the Eu675m senior debt facility, which comprises a Eu225m six year ‘A’ tranche and a Eu400m seven year ‘B’ piece, will be launched on Friday at a bank meeting in Paris.

  • 10 Sep 2010

Citi, Crédit Agricole, Credit Suisse, Morgan Stanley and Société Générale are underwriting the Eu675m debt package while Bank of Tokyo-Mitsibushi UFJ, Mizuho and Rabobank have joined as mandated lead arrangers.

Citi, Crédit Agricole, Credit Suisse and Morgan Stanley are underwriting an additional Eu300m bridge to bond facility.

The Eu225m ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%