Deutsche Bank Leads Sunrise Refi

Deutsche Bank is leading a refinancing for Sunrise Medical that will also pay a dividend to owners Park Avenue Equity Partners and Vestar Capital Partners.

  • 01 Apr 2005
Email a colleague
Request a PDF

Deutsche Bank is leading a refinancing for Sunrise Medical that will also pay a dividend to owners Park Avenue Equity Partners and Vestar Capital Partners. The new debt include a $45 million revolver, a $165 term loan "B" and an $80 million second-lien. The revolver and "B" loan are priced at LIBOR plus 2 3/4% and the second-lien is priced at 6%.

Park Avenue, Vestar and company executives took the company private in 2000 in a $365.4 million transaction. Vestar put in $122 million of the $162.6 million equity investment. According to Markit, the existing debt was put in place in March 2004 and consists of a $190 million revolver priced at LIBOR plus 3 1/4% and a $45 million revolver. The debt is led by Deutsche Bank, GE Capital andMerrill Lynch. Calls to James Fetter, cfo, were forwarded to a spokesman who did not return calls.

  • 01 Apr 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 90,620.08 256 11.16%
2 Bank of America Merrill Lynch 77,768.99 216 9.58%
3 JPMorgan 68,302.06 194 8.41%
4 Wells Fargo Securities 67,736.13 189 8.34%
5 Credit Suisse 54,172.98 137 6.67%