Three Banks Shop Workflow

A trio of banks is leading a $455 million credit facility to finance the acquisition of The Relizon Company by Workflow Management.

  • 21 Oct 2005
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A trio of banks is leading a $455 million credit facility to finance the acquisition of The Relizon Company by Workflow Management. Credit Suisse First Boston, RBC, and National City Bank are leading the deal, with CSFB and Nat City as book runners. The deal consists of a five year, $40 million revolver; a five-year, $300 million term loan "B" and a seven-year, $115 million second-lien term loan.

Pricing on the revolver and term loan is LIBOR plus 3%, while the second lien loan is priced at LIBOR plus 7%. The deal was launched following a bank meeting last Monday. Commitments for the deal are due by the end of October with the deal expected to close sometime in early November. Exact dates were not available by press time on Thursday. A call to Workflow was not returned.

  • 21 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 %
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1 Citi 1,505.59 4 23.86%
2 SG Corporate & Investment Banking 1,292.64 1 20.48%
2 Rabobank 1,292.64 1 20.48%
4 BNP Paribas 598.25 2 9.48%
5 TD Securities Inc 241.54 1 3.83%