Wachovia Shopping Insurance Deal

  • 26 May 2002
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Wachovia Securities is working on a $260 million bank deal for Virginia-based Hilb, Rogal, and Hamilton, according to market sources. The deal is reportedly structured to include a $140 million term loan "B" in conjunction with a pro rata piece slated for $120 million. One banker said the term loan is the first for the company. Calls to Carolyn Jones, cfo and treasurer, were not returned by press time. A company spokeswoman confirmed the bank deal but refereed all specific questions to Jones.

The credit will back the company's acquisition of The Hobbs Group, an insurance brokerage. Hilb, Rogal and Hamilton places general and specialty insurance with major underwriters on behalf of targeted clients.

  • 26 May 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,847.77 272 11.13%
2 Bank of America Merrill Lynch 80,029.51 227 9.30%
3 JPMorgan 72,172.60 208 8.38%
4 Wells Fargo Securities 69,859.54 198 8.12%
5 Credit Suisse 58,056.32 149 6.74%