Health Management Breaks, Wraps At 101

The $2.75 billion term loan "B" for Health Management Associates broke for trading last Tuesday at par 7/8 and then rose and held to trade at 101 1/8, according to a trader.

  • 16 Feb 2007
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The $2.75 billion term loan "B" for Health Management Associates broke for trading last Tuesday at par 7/8 and then rose and held to trade at 101 1/8, according to a trader. "Everything is still pretty strong," said a market source.

Bank of America launched the credit Jan. 24 along with a six-year, $500 million revolver (CIN, 1/19). The term loan is priced at LIBOR plus 1 3/4%. The deal is being used to pay a special, one-time $10 cash dividend to shareholders, at a total cost of about $2.4 billion. Calls to Robert Farnham, cfo, were not returned.

  • 16 Feb 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%