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 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,228.90 62 10.23%
2 JPMorgan 18,161.74 49 10.19%
3 Bank of America Merrill Lynch 16,385.65 54 9.19%
4 Wells Fargo Securities 16,128.82 45 9.05%
5 Barclays 12,632.86 43 7.09%