GE Capital and Bank of Nova Scotia have launched the bank meeting for $135 million of loans for Western Inventory Service. The facility consists of a five-year, $15 million revolver; a six-year, $107 million "B" term loan; and a six-and-a-half-year, $31 million second-lien term loan. The revolver and "B" loan are priced at LIIBOR plus 3 1/4% and the second lien is priced at LIBOR plus 7%. The company provides inventory counts to retailers, manufacturers and wholesale distributors. The bank meeting was held March 16. Calls to Leonard Graham, cfo, were not returned.
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Wells Fargo Securities||30,371.96||86||8.61%|
|4||Bank of America Merrill Lynch||27,582.56||87||7.82%|