• 08 Sep 2006
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Automobile product manufacturer AKSys will be launching a Eu150m refinancing via Dresdner Kleinwort later this month. The bank won the mandate for the five year deal from private equity sponsors led by Deutsche Beteiligungs. The group also comprises Axa Private Equity, PPM and Süd Private Equity.

The loan will be priced in cross-over territory.

Construction group Bilfinger Berger's Eu800m facility via bookrunners ABN Amro, Deutsche Bank and Dresdner Kleinwort and mandated lead arrangers BayernLB, BNP Paribas, Commerzbank and Landesbank Baden-Württemberg, is in documentation phase. The loan will be signed next week and increased to Eu1.1bn.

The loan has a tenor of three years with two one year extension options. It will be used as a letter of guarantee with a fee of 37.5bp and a commitment fee of 35%.

Banks were offered a ticket of Eu60m for 15bp and Eu40m for 10bp.

Dresdner Kleinwort, Société Générale and WestLB are waiting for the last commitments from banks for the Eu1bn seven year loan for food retailer Schwarz Group. It is oversubscribed, and the borrower is likely to take an increase.

Some 13 banks were targeted for tickets of Eu100m paying a fee of 20bp and Eu50m for 15bp. The loan pays a margin of 50bp over Euribor.

The facility will be used for general corporate purposes.

  • 08 Sep 2006

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%