CSFB Launches Jumbo Revolver

  • 28 Oct 2001
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Credit Suisse First Boston launched syndication last week of its $1 billion credit for NorthWestern, backing the planned acquisition of Montana Power's transmission and distribution business for $1.1 billion. Pricing on both the $400 million, 364-day revolver and $600 million, 364-day acquisition facility is LIBOR plus 11/ 4%, based on a grid, with a 20 basis points commitment fee. Spokesman, Roger Scrum of NorthWestern confirmed CSFB was arranging the revolver facilities, but was unable to answer further questions, as the acquisition has still not yet closed and Kipp Orme, v.p. of finance and cfo at Northwestern, was in New York. Asked when the acquisition is set to close, Scrum responded, " It's in the hands of the regulators." There is no set time for the deal to be approved.

 

  • 28 Oct 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%