SES picks up more than Eu1bn in syndication and looks to sign next week

Bankers close to SES, the Luxembourg-based satellite operator, hope to close its Eu1.5bn facility by the end of next week. The loan, one of the most successful deals this year, has received more than Eu1bn of commitments in syndication and has given hope that retail demand in Europe is increasing.

  • 16 Apr 2009

“Hopefully we’ll have it all wrapped up by the end of next week,” said one banker. “All the banks are in. We’ve raised a bit more than Eu2.5bn in total.”

The transaction, launched in early March, has attracted non-relationship as well as existing lenders, according to the bookrunners. They ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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1 Citi 95,041.28 268 11.13%
2 Bank of America Merrill Lynch 79,274.93 221 9.29%
3 Wells Fargo Securities 69,765.48 197 8.17%
4 JPMorgan 69,438.13 198 8.13%
5 Credit Suisse 57,820.17 147 6.77%