Wachovia Leads Euramax Refi

  • 14 Sep 2003
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Euramax International, a Norcross, Ga.-based manufacturer of aluminum, steel, vinyl and fiberglass, is refinancing its $110 million credit facility. A bank meeting for a new $145 million credit is scheduled for this Wednesday. Wachovia Securities is leading the deal, which includes a $110 million revolver priced at LIBOR plus 21/2%, down 25 basis points from the previous credit. A $35 million term loan "A" is also priced at LIBOR plus 21/2%. Scott Vansant, Euramax's cfo, declined to comment.

BNP Paribas is the lead arranger on the existing credit, with Wachovia acting as collateral agent. Other lenders in the previous syndicate include Fleet National Bank, LaSalle Bank, PNC Bank and SunTrust Bank. It could not be determined by press time if BNP Paribas will be involved in the refinancing. Wachovia and BNP Paribas bankers did not return calls.

  • 14 Sep 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 128,786.28 373 11.27%
2 Bank of America Merrill Lynch 100,918.70 292 8.83%
3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%