Bear Stearns Prints WhiteHorse Deal

Bear Stearns has priced and issued the notes backing WhiteHorse Capital Partners first collateralized loan obligation.

  • 28 Jul 2004
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Bear Stearns has priced and issued the notes backing WhiteHorse Capital Partners first collateralized loan obligation. The $179 million in liabilities was priced last week for WhiteHorse I, said a portfolio manager. The cash-flow vehicle will be approximately $200 million and will invest almost entirely in senior secured loans, with a small high-yield bond bucket. Ira Wagner, a senior managing director at Bear Stearns, and WhiteHorse Portfolio Manager Ethan Underwood, both declined comment.

WhiteHorse is a Dallas-based investment firm that focuses on managing leveraged loans and structured finance vehicles (LMW, 7/7). The firm was formed last year by a group that includes ex-Highland Capital Management staffers, including portfolio managers Jay Carvell and Underwood. Jarred Worley, who is the structured product manager and chief operations officer, is also a founding member. Other staffers at the firm include Antal Desai and and Nate Stinchcomb, who are portfolio analysts. Desai previously worked at Goldman Sachs, and Stinchcomb was at Crédit Lyonnais.  

  • 28 Jul 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%