BCBG Looks For New Deal

About 100 investors piled into the BCBG showroom last Thursday for a bank meeting to launch $300 million in loans led by Goldman Sachs and Citigroup.

  • 07 Oct 2005
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About 100 investors piled into the BCBG showroom last Thursday for a bank meeting to launch $300 million in loans led by Goldman Sachs and Citigroup. The deal will refinance existing debt the company, whose official name is AZ3, has in place and fund the acquisition of Alain Manoukian, a French knitwear company. The acquisition has already closed. The financing consists of a five-year, $100 million ABL and a six-year, $200 million term loan. Pricing is expected this week. Commitments will be due around Oct. 20 or 21.

Potential investors got to see BCBG's lines up close, with mannequins throughout featuring the fashions. They were also addressed by Max Azria, chairman and ceo, along with Ben Malka, president, and Brian Fleming, cfo. Fleming did not return a call to his office. The company currently has about $100 million of previous debt, which includes an ABL facility provided by GMAC and a royalty-backed financing.

  • 07 Oct 2005

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 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%