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 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%