BNP Paribas Shops Maidenform

BNP Paribas hit the market last Tuesday with a $180 million facility backing Ares Management's acquisition of Maidenform from Oaktree Capital Management.

  • 16 Apr 2004
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BNP Paribas hit the market last Tuesday with a $180 million facility backing Ares Management's acquisition of Maidenform from Oaktree Capital Management. The facility includes a $30 million revolver and $90 million first-lien term loan, both priced at LIBOR plus 33/4%, and a $60 million second-lien term loan priced at LIBOR plus 61/2%. The second lien has call protection of 102, 101. BNP Paribas bankers declined comment while, Oaktree and Maidenform officials did not return calls. Ares officials could not be reached for comment by press time. One loan investor said Maidenform is a tough business due to its nature as an apparel business, a lot of competition and the fact that it has been through bankruptcy once.

 

  • 16 Apr 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%