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 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,727.09 36 12.76%
2 Barclays 8,051.97 24 9.58%
3 Bank of America Merrill Lynch 7,814.11 25 9.30%
4 JPMorgan 7,477.76 27 8.90%
5 Wells Fargo Securities 6,648.29 26 7.91%