GenTek Debt Changes Hands

  • 16 Mar 2003
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GenTek's bank debt was fairly active last week with the company's pro rata trading in the 56-57 context and its term loan moving in the 53-55 range. "It felt like there were better buyers over the last couple of days," noted one trader. The company has recently obtained a $60 million debtor-in-possession facility. It filed for bankruptcy in October after it failed to obtain an amendment to its senior credit facility.

The new DIP facility is said to relieve the pre-petition lenders from certain obligations they had regarding letters-of-credit. The company also recently received an extension to the exclusive period during which it can file a plan of reorganization. Calls to Matthew Friel, v.p. and cfo, were referred to a spokeswoman, who did not return calls by press time.

 

  • 16 Mar 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 47,881.49 152 10.77%
2 JPMorgan 41,018.47 115 9.23%
3 Wells Fargo Securities 37,061.63 106 8.34%
4 Bank of America Merrill Lynch 33,629.70 107 7.56%
5 Credit Suisse 28,660.69 86 6.45%