B of A and Morgan Market Healthcare Distribution Deal

  • 22 Jul 2001
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Bank of America and J.P. Morgan Chase are holding one-to-one meetings with banks for a $1.3 billion credit forAmeriSource-Bergen , the distributors of pharmaceuticals and related healthcare products and services. A banker said the credit is set to go into retail syndication next week. Pricing on the pro rata is LIBOR plus 13/4 %, and consists of a $1 billion revolver and $300 million "A" term loan. Calls to officials at AmeriSource were not returned by press time.

AmeriSource-Bergen is the combination of AmeriSource Health of Valley Forge and Bergen Brunswig of Orange, Calif. The two pharmaceutical giants are merging, in a deal valued at $7 billion, to create a wholesale pharmaceutical supply company with annual revenues of $35 billion.

  • 22 Jul 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

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