Lenders Herd Commitments For SunGard

Commitments for the term loan to fund the $11.4 billion acquisition of SunGard Data Systems have been piling in, bankers said.

  • 22 Jul 2005
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Commitments for the term loan to fund the $11.4 billion acquisition of SunGard Data Systems have been piling in, bankers said. Priced at LIBOR plus 2 3/4% on the $3.5 billion term loan, it is unlikely call protection will be required as some investors predicted.

JPMorgan and Citigroup are the co-lead arrangers for the bank deal and JPMorgan, Citigroup and Deutsche Bank are joint bookrunners. Goldman Sachs and Morgan Stanley also have syndication roles. Silver Lake Partners, Kohlberg Kravis Roberts & Co., Bain Capital, The Blackstone Group, Texas Pacific Group, Goldman Sachs Capital Partners and Providence Equity Partners are the private equity groups buying the company. Calls to Sungard were not returned by press time. A JPMorgan spokesman declined comment.

  • 22 Jul 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%