Agents Sign On To Kranson

Scotia Capital, Antares Capital and GE Capital have signed on as agents for the $170 million facility backing AEA Investors’ acquisition of Kranson Industries.

  • 14 Jul 2004
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Scotia Capital, Antares Capital and GE Capital have signed on as agents for the $170 million facility backing AEA Investors’ acquisition of Kranson Industries. The credit, which hit the market this afternoon, comprises a six-year, $30 million revolver and seven-year, $140 million term loan. Price talk is LIBOR plus 2 3/4% on the revolver and LIBOR plus 3% on the term loan. UBS is leading the facility.
 
Code Hennessy & Simmons is currently the majority owner of Kranson. Other owners reportedly are Goldman Sachs, GE, Antares and management. Kranson supplies rigid packaging components and services. UBS bankers and Tom Pryma, a partner with AEA, declined comment and Neil Tzinberg, Kranson’s cfo, did not return calls.
  • 14 Jul 2004

GlobalCapital European securitization league table

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1 BNP Paribas 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

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3 JPMorgan 81,465.60 238 8.42%
4 Wells Fargo Securities 77,934.65 225 8.05%
5 Credit Suisse 63,570.21 165 6.57%