Morgan, CSFB Launch Graphic Deal

  • 10 Feb 2002
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Morgan Stanley and Credit Suisse First Boston two weeks ago launched syndication of a refinancing deal for Graphic Packaging International. The $450 million bank deal consists of a $300 million, five-year revolver and a $150 million six-year "B" term loan. Pricing on the revolver is LIBOR plus 2% with a 1/2 % commitment fee, and LIBOR plus 3% on the institutional tranche. Golden, Colo.-based GPI is also offering $250 million in subordinated notes. The credit refinances a $325 million, five-year term loan and a $400 million revolver. Bank of America is the agent on the existing lines. Questions to CFO Luis Leon were referred to Paddy Broughton who declined to comment.

  • 10 Feb 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%