Linli Chee, analyst at Standard & Poor's, estimated the company's current debt to capitalization adjusted for operating leases is between 55% and 60%. "They've already drawn down $150 million from the new revolver, so it's definitely pushed passed the previous 48%." In October of last year, S&P confirmed Biovail's BB- corporate credit rating. S&P is currently in talks with Biovail management regarding its Aventis acquisition, and should issue a new rating report sometime this week.
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||6,103||21||10.16|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||66,433.81||187||9.43%|
|3||Wells Fargo Securities||57,637.40||170||8.18%|