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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%