SG Sets Grizzlies Fees

  • 21 Apr 2002
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Société Générale set fees and tiers for the $90 million bank deal for the National Basketball Association's Memphis Grizzlies, launched in Memphis on April 11. For the pro rata portion, a $20 million commitment receives 3/4% and a $10 million commitment receives a 1/2% fee. SG is also accepting a limited amount of term loan commitments at 1/4%. The Grizzlies loan consists of a $40 million revolver and a $50 million term loan.

The loan has a four-year maturity and is priced at LIBOR plus 33/ 8%. A banker explained the credit refinances an $80 million SG-led loan and provides some incremental working capital. There is a 1/2% commitment fee on the unused piece. The loan also backs the move to a soon to be constructed arena. The Grizzlies loan joins deals for the Charlotte Hornets' and the National Hockey League's Pittsburgh Penguins on the SG roster (LMW, 3/31).

  • 21 Apr 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%