Captain D's Financing Served Up

JPMorgan and Credit Suisse have launched syndication of a $330 million deal to back the acquisition of Del Taco by the parent company of Captain D's, Sagittarius Brands.

  • 03 Mar 2006
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JPMorgan and Credit Suisse have launched syndication of a $330 million deal to back the acquisition of Del Taco by the parent company of Captain D's, Sagittarius Brands. The financing consists of a six-year, $60 million revolving credit facility and a seven-year, $270 million term loan "B." Price talk on both tranches is in the LIBOR plus 2 1/2-2 3/4% range. The deal hit the market last Thursday.

The acquisition was agreed upon Feb.1 with a closing date expected by March 31. Located in Lake Forest, Calif., Del Taco is the second largest Mexican fast food chain in the U.S. behind Taco Bell. Based in Nashville, Tenn., Captain D's is the second largest fast food seafood chain with over 600 restaurants throughout 23 states. Credit Suisse and Del Taco did not return calls and a spokesman at Captain D's declined comment as did a spokesman at JPMorgan.

  • 03 Mar 2006

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 70,341.11 234 10.46%
2 JPMorgan 64,579.62 197 9.60%
3 Bank of America Merrill Lynch 51,474.08 169 7.65%
4 Wells Fargo Securities 51,322.59 157 7.63%
5 Credit Suisse 47,533.25 150 7.07%