E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/29/2006 in the Prospect News Bank Loan Daily.

Landmark bank loan deals of 2006

HCA

Issuer:HCA Inc.
Size/structure:$16.8 billion deal, $2 billion six-year revolver at Libor plus 250 bps, $2 billion six-year asset-based revolver at Libor plus 175 bps, $1.25 billion seven-year European term loan at Euribor plus 250 bps, $8.8 billion seven-year term loan B at Libor plus 275 bps with step to Libor plus 250 bps, $2.75 billion six-year term loan A at Libor plus 250 bps
Proceeds:LBO
Lead banks:Bank of America, Citigroup, JPMorgan, Merrill Lynch, Deutsche, Wachovia
Importance:Enormous deal, good pricing
Georgia-Pacific
Issuer:Georgia-Pacific Corp.
Size/structure:$11.25 billion deal, $5.25 billion seven-year term loan B at Libor plus 200 bps with step to Libor plus 175 bps, $2.25 billion eight-year second-lien term loan at Libor plus 300 bps, $2 billion five-year term loan A at Libor plus 225 bps, $1.75 billion revolver at Libor plus 225 bps
Proceeds:LBO
Lead banks:Citigroup, Bank of America, Deutsche, JPMorgan
Importance:Another large LBO deal, proving that the loan market could absorb a tremendous amount of paper
Freescale Semiconductor
Issuer:Freescale Semiconductor Inc.
Size/structure:$4.25 billion deal, $3.5 billion seven-year term loan B at Libor plus 200 bps, $750 million six-year revolver at Libor plus 225 bps
Proceeds:LBO
Lead banks:Citigroup, Credit Suisse, JPMorgan, Lehman, UBS
Importance:Large deal with covenant-light structure

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.