Commitments Scaled Back On Smart Deal

  • 02 Dec 2001
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Commitments on the $150 million revolver for Smart & Final will be scaled back as the BNP Paribas-led credit finished up oversubscribed with $175 million in commitments. A banker close to the deal said it was scheduled to be funded by the end of last week. Harris Bank acted as syndication agent on the credit and Rabobank as documentation agent. BNP Paribas replaced Bank of America and Credit Lyonnais, as both firms dropped out of the credit after leading the old deal. Pricing is based on a grid and starts at LIBOR plus 21/2 % with a 1/2% commitment fee. Pricing has gone up 1/4% from the old deal. Richard Phegley, cfo of Smart & Final, did not return calls inquiring about the switch in lenders.

  • 02 Dec 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Wells Fargo Securities 1,276.60 4 17.08%
2 RBC Capital Markets 801.51 2 10.72%
3 Citi 783.55 4 10.48%
4 Credit Suisse 534.82 2 7.16%
5 SG Corporate & Investment Banking 497.64 2 6.66%