JPM Readies Dex Loans

JPMorgan is prepping a $503 million incremental term loan "B" for R.H. Donnelley Corp. to refinance debt and partially fund the company's acquisition of Dex Media.

  • 14 Oct 2005
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JPMorgan is prepping a $503 million incremental term loan "B" for R.H. Donnelley Corp. to refinance debt and partially fund the company's acquisition of Dex Media. The loan will be priced at LIBOR plus 1 3/4%, the same pricing as the existing term loan "B." It is expected to hit the market sometime this week. "Dex Media has done well so far in the bank loan market, so I can't imagine they would have trouble," said one investor about the deal. "It's just making sure you are getting the right price."

According to releases put out by the two companies, the combined business will be the third largest print and Internet directory publisher in the U.S. with pro forma annual revenues of over $2.7 billion. It will operate across 28 states with a total circulation of 73 million. Jim Grufkin, associate v.p. of finance and investor relations at R.H. Donnelley, could not be reached nor could a spokeswoman for Dex.

  • 14 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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 12,356.92 41 13.22%
2 Bank of America Merrill Lynch 10,716.42 32 11.47%
3 Barclays 8,716.58 27 9.33%
4 JPMorgan 7,774.38 29 8.32%
5 Wells Fargo Securities 7,444.83 29 7.97%