BNP Leads Rosetta Financing

BNP Paribas is leading $475 million of loans to back Rosetta Resources' acquisition of Calpine Corp.'s oil and gas properties.

  • 26 Aug 2005
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BNP Paribas is leading $475 million of loans to back Rosetta Resources' acquisition of Calpine Corp.'s oil and gas properties. A bank meeting was held last Tuesday at the Four Seasons Hotel in Houston to launch syndication of the deal, which includes a $400 million revolver and a $75 million second-lien term loan.

Pricing could not be determined. Rosetta is an independent energy company created to hold Calpine's oil and gas assets in California, the Rockies and southern Texas. A call to Bob Kelly, executive v.p. and cfo, was not returned.

  • 26 Aug 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

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5 Wells Fargo Securities 1,012.71 4 7.36%