A potential paydown on Fidelity National Information Services' bank debt enabled levels to recover from midweek lows. Last Wednesday, the $800 million "A" loan traded at 98 1/2-98 3/4, while the company's $2 billion "B" loan went off at 98 5/8-99. The "B" recovered to par when rumors of a potential 7% paydown ratable between the "A" and "B" emerged. Still, the name is off its 101 1/8 high. The credit is priced at LIBOR plus 1 3/4% and is led by Bank of America. Pat Farenga, Fidelity's treasurer, did not return calls.
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Most Viewed: Securitization
Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||9,637||29||10.97|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||100,918.70||292||8.83%|
|4||Wells Fargo Securities||91,306.23||262||7.99%|