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.
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Latest news by market and league table performance
|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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Bank of America Merrill Lynch||7,814.11||25||9.30%|
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