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 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 %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%