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 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 %
  • Last updated
  • Today
1 Citi 69,310.90 231 10.40%
2 JPMorgan 64,579.62 197 9.69%
3 Wells Fargo Securities 51,322.59 157 7.70%
4 Bank of America Merrill Lynch 50,413.91 166 7.56%
5 Credit Suisse 47,114.03 149 7.07%