Integrated Health Ticks Up On Healthier Industry

  • 13 May 2001
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Integrated Health Services bank debt last week traded up to the 46 1/2 to 47 range, up from 44-45. A total of $40 million changed hands over the course of the week. Dealers continue to attribute the levels to an improving industry. "Health care credits are up because the companies are up," said a dealer. Integrated Health, based in Sparks, Md., owns or operates approximately 365 nursing homes and 15 specialty hospitals that offer wound management, cardiac care, Alzheimer's disease treatment, and other rehabilitation services.

Integrated Health has a $2.15 billion credit that breaks down into three tranches. Pricing is linked to the company's leverage ratio and ranges from LIBOR plus 3 1/2% to LIBOR plus 3%. Salomon Smith Barney and TD Securities are the lead arrangers.

  • 13 May 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.50%
4 Bank of America Merrill Lynch 41,657.82 137 7.41%
5 Credit Suisse 38,415.30 121 6.84%