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)||8,264||27||10.34|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||94,721.79||272||8.85%|
|4||Wells Fargo Securities||82,597.19||239||7.72%|