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.
Promoted By CGIF
Promoted By Commerzbank
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|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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||104,269.08||299||11.02%|
|3||Wells Fargo Securities||88,761.07||266||9.38%|