BNP Paribas Brings Triumph To Market. . .

BNP Paribas is launching a $115 million credit backing TA Associates' acquisition of Triumph Healthcare this Tuesday.

  • 10 Sep 2004
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BNP Paribas is launching a $115 million credit backing TA Associates' acquisition of Triumph Healthcare this Tuesday. The bank deal comprises a five-year, $25 million revolver at LIBOR plus 3 1/2% and a six-year, $90 million term loan at LIBOR plus 3 3/4%, a market participant noted. The financing also includes $20 million of subordinated notes being held by TA. Senior leverage is 2.36 times and leverage is 3.47 times through the sub notes. The source said mid-single-B ratings are expected. Triumph operates five long-term acute care hospitals in Houston. Jack Biller, Triumph's senior v.p. and cfo, did not return calls and officials at TA Associates could not be reached by press time. BNP Paribas bankers declined comment.

  • 10 Sep 2004

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 11.59%
2 Bank of America Merrill Lynch 66,338.04 186 9.46%
3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%