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 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 %
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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%