Warnaco Piece Trades

  • 12 May 2002
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Warnaco Group's bank debt saw some action last week with more than $30 million trading in the 30-31 range this follows a massive $140 million auction from a Japanese bank at that level two weeks ago (LMW, 5/6). Dealers said the paper moved in two pieces, including one $15 million piece at 30 1/2 and another $15-20 million piece at 30 3/4. The company plans to have its restructuring plans in place by the end of June and the name has been trading up from the 24-26 range where it was last month.

The company was also in the news last week as creditors fight former Warnaco Chairman and CEO, Linda Wachner, who is claiming that the company owes her more than $25 million. Dealers said that amount of money was not likely to upset the levels. Reports indicated that Bear Stearns is helping Warnaco explore the sale of some of its core businesses, which include Calvin Klein Jeans. Warnaco licenses the right to make clothing under brands such as Calvin Klein, Warners, Speedo and Oscar de la Renta. Calls to the company's officials were not returned by press time.

  • 12 May 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%