New Xerox Paper Falls On Accounting Woes

  • 30 Jun 2002
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Xerox's recently renegotiated credit line saw some serious action in the secondary loan markets last week and, as LMW went to press, one desk had quoted the new paper off three points due to reports that the company will restate its revenue once again. "They are trading all over the place," one trader added. Both Lawrence Zimmerman, cfo, and the company's spokesperson could not be reached by press time.

Earlier last week, traders said the revolver was moving in the 86-88 range, the "A" term loan in the 89-91 context, the "B" term loan in the 98-99 range and the "C" term loan at the 98-98 1/2 level. They added that small pieces of each of the new tranches changed hands.

  • 30 Jun 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%