Cadbury readies cheap loan for $4.2bn Adams purchase

UK food and drink group Cadbury Schweppes this week announced its proposed $4.2bn cash acquisition of US confectioner Adams from Pfizer. The takeover will be financed by a $6.1bn syndicated loan.

  • 20 Dec 2002
As first revealed in EuroWeek 783, arrangers Bank of America, BNP Paribas, HSBC, Lloyds TSB and the Royal Bank of Scotland have jointly underwritten the facility. Initial margins are 42.5bp over Euribor on a $1.6bn 364 day tranche 'C' and 55bp over on a $2.5bn five year ...

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All International Bonds

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 JPMorgan 328.69 1499 8.46%
2 Citi 301.62 1284 7.76%
3 Bank of America Merrill Lynch 259.19 1086 6.67%
4 Barclays 234.91 965 6.04%
5 HSBC 191.76 1055 4.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 37.47 172 7.26%
2 Credit Agricole CIB 35.71 154 6.92%
3 JPMorgan 29.35 74 5.69%
4 Bank of America Merrill Lynch 24.60 69 4.76%
5 SG Corporate & Investment Banking 23.67 111 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 JPMorgan 10.38 68 10.07%
2 Morgan Stanley 9.41 44 9.12%
3 Goldman Sachs 8.72 45 8.46%
4 Citi 6.78 53 6.58%
5 UBS 5.28 29 5.12%