BNP Preps Maidenform LBO Credit

BNP Paribas is preparing a $180 million facility backing the acquisition of bra manufacturer Maidenform by Ares Management's private equity arm, the Ares Corporate Opportunities Fund.

  • 02 Apr 2004
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BNP Paribas is preparing a $180 million facility backing the acquisition of bra manufacturer Maidenform by Ares Management's private equity arm, the Ares Corporate Opportunities Fund. The credit comprises a $39 million revolver, a $90 million first-lien term loan and $60 million second-lien term loan.

The revolver and first-lien term loan are being talked at LIBOR plus 33/4% and the second-lien term loan is talked at LIBOR plus 61/2%. Syndication will launch later this month. Oaktree Capital Management is currently Maidenform's majority owner. UBS advised Maidenform. BNP bankers and Oaktree officials declined comment and Ares officials could not be reached by press time.

  • 02 Apr 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,557.15 301 8.95%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.90%
5 Credit Suisse 76,186.18 204 6.58%