Infor Global Term Loan Breaks, Second Lien Idles

Infor Global Solutions' $605 million term loan "B" broke in the secondary market at mid-par and traded actively in that context.

  • 17 Mar 2006
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Infor Global Solutions' $605 million term loan "B" broke in the secondary market at mid-par and traded actively in that context. Its $315 million second-lien term loan, which also broke, traded very thinly by comparison. A dealer said trading volume was low on the second lien because people were happy with their allocations.

JPMorgan and Credit Suisse lead the deal, which also includes a $50 million revolver. The financing backs Infor Global's $1 billion acquisition of Geac Computer Corp., which the company completed last week. A spokesman for Infor Global did not return calls.

  • 17 Mar 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

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1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%