Education Management Corp. is cutting 50 basis points off its $1.185 billion credit facility. The deal, led by Credit Suisse, Goldman Sachs, Merrill Lynch and Bank of America, will cut pricing down to LIBOR plus 2%. The company entered into the credit in May 2006 along with a $250 million revolver (CIN, 5/29). The term loan "B" was trading in the 100.781-100.125 context last Friday.
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||6,103||21||10.16|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||66,433.81||187||9.43%|
|3||Wells Fargo Securities||57,637.40||170||8.18%|