BNP, CSFB To Shop Oriental Trading Recap

  • 06 Jul 2003
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BNP Paribas and Credit Suisse First Boston will be launching syndication this Wednesday of the $290 million recapitalization credit for Oriental Trading. The credit for the direct marketer of novelties, toys, party supplies and other related products includes a $250 million, six-year "B" loan and a $40 million, six-year revolver. BNP leads the company's existing $180 million credit, which was put in place last August and includes a $150 million "B" term loan and a $30 million revolver. Pricing on the new credit was not disclosed as of last week, but the existing institutional piece is priced at LIBOR plus 23/4%, while the revolver carries a spread of 2% over LIBOR with a 50 basis point commitment fee.

GE Capital is involved in the existing credit, but it could not be determined if the firm would be a part of the new facility. A GE official declined to comment. Bankers at BNP and CSFB did not return calls by press time. Los Angeles-based private equity firm Brentwood Associates currently holds an investment in Omaha, Neb.-based Oriental Trading, after infusing an undisclosed sum into the company in January 2000. An official at Oriental Trading could not be reached by press time.

  • 06 Jul 2003

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 %
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1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%