Door-Maker Credit Cited As Potential Bellwether

  • 21 Oct 2001
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Bank of Montreal and Bank of Nova Scotia's $685 million loan for Premdor is seen as a potential market bellwether, as it does not carry the baggage of other credits in the market right now and has good collateral coverage. Commitment levels could not be ascertained, but pricing has not flexed, said one banker, which is a good sign. A BMO official said pricing on the pro rata deck, comprising a $100 million revolver and a $100 million term loan is LIBOR plus 3%. On the $385 million "B," pricing is LIBOR plus 31/ 2%. There is also a $100 million asset-sale portion of the facility, he added. The credit backs the acquisition of Masonite from International Paper.

  • 21 Oct 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%