Ceva to market €700m cov-lite loan in March

Ceva Santé Animale, a French veterinary health business, is looking to sell €700m of term loans with a covenant lite structure in the second half of March.

  • By Stefanie Linhardt
  • 20 Feb 2014

The term loan ‘B’ will be marketed to European and US accounts and comes alongside a €100m undrawn facility and a €50m revolving credit facility.

Senior leverage will be between 5.25 times and 5.5 times.

Ceva’s loans come alongside a €200m PIK facility, which has been pre-placed.

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,934.10 85 8.63%
2 BNP Paribas 20,062.94 122 6.43%
3 Goldman Sachs 16,288.01 66 5.22%
4 HSBC 14,964.93 95 4.80%
5 Deutsche Bank 14,910.67 86 4.78%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.78%
2 Citi 28,905.88 231 8.39%
3 Bank of America Merrill Lynch 28,820.93 250 8.36%
4 Goldman Sachs 24,953.24 183 7.24%
5 Barclays 23,123.01 154 6.71%