Bring it on: nothing wrong with six times leverage, say voters

Syndicated loans bankers think that a facility leveraged six times Ebitda can pick up commitments if it is priced well, according to EuroWeek’s latest poll.

  • 27 Apr 2010

Many investors criticised the controversial possibility of offering financing of six times Ebitda in the deal backing Cinven’s £800m buyout of French healthcare group Sebia International — claiming the market was still too fragile.

However, a slight majority (43%) of voters in the poll were unphased by this, ...

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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 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 60,171.95 171 11.52%
2 Bank of America Merrill Lynch 54,980.53 146 10.53%
3 Wells Fargo Securities 39,794.15 117 7.62%
4 JPMorgan 39,624.65 113 7.59%
5 Credit Suisse 30,978.90 74 5.93%