Pricing Cut On ISP

Pricing has been cut on the $950 million term loan for Wayne, N.J.-based chemical manufacturer ISP Chemco, a subsidiary of International Specialty Holdings Corp.

  • 10 Feb 2006
Email a colleague
Request a PDF

Pricing has been cut on the $950 million term loan for Wayne, N.J.-based chemical manufacturer ISP Chemco, a subsidiary of International Specialty Holdings Corp. The pricing on the seven-year term loan has been cut from the proposed rate of LIBOR plus 2% to LIBOR plus 1 3/4%. Pricing on a six-year, $200 million revolving credit facility held at LIBOR plus 2%. The company is using the deal to repay its bonds due in 2009 and 2011 (CIN, 1/30). JPMorgan began syndicating the loan Jan. 20. Neal Murphy, senior v.p. and cfo at ISP Chemco, was not available for comment.

  • 10 Feb 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 %
  • Last updated
  • Today
1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%