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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.52%
2 Bank of America Merrill Lynch 66,433.81 187 9.42%
3 Wells Fargo Securities 57,637.40 170 8.17%
4 JPMorgan 53,570.42 158 7.59%
5 Credit Suisse 45,349.30 117 6.43%