BNP, Bear Stearns Lead Triumph

BNP Paribas and Bear Stearns last week launched syndication of a $260 million credit for Triumph Healthcare.

  • 30 Jun 2006
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BNP Paribas and Bear Stearns last week launched syndication of a $260 million credit for Triumph Healthcare. The deal consists of a seven-year, $250 million first-lien term loan and an eight-year, $110 million second-lien term loan. Both are priced at LIBOR plus 3%.

Standard & Poor's took Triumph, along with LifeCare and Select Medical, off CreditWatch with negative implications, where they were placed in January due to proposed Medicare reimbursement cuts. The reimbursement cuts that were put in place starting July 1 were much less severe than the Centers of Medicare and Medicaid Services had first proposed. Calls to Larry Humphrey, cfo of Triumph, were not returned.

  • 30 Jun 2006

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%