![]() ![]() Usually the lead arranger also takes the bookrunner title. The titles Joint Lead Arranger and Co- Syndication Agent are, in each case, in name only, and shall confer no rights or obligations under this Agreement. The market assigns the most importance to the Lead Arranger and Bookrunner titles. Joint Lead Arranger, Documentation Agent and Syndication Agent. ![]() Bookrunning involves the central responsibilities of issuing invitations to prospective lenders, communicating information to the banks, informing the borrower and the management group of daily progress, coordinating the borrower’s follow-ups with the interested banks, managing prospective lenders through the credit approval process, pricing the loan, setting the closing fees, offering brackets, and making the final allocations to the participant lenders. Represented administrative agent, sole bookrunner and joint lead arranger of a 605 million senior secured credit facility to support the merger of a Canada-based pet supply retailer with a similar US-based retailer to create a system of more than 930 store locations. Distribution – Identifying which banks to invite to participate and the marketing to those banks.īookrunning, which is an element of distribution, is very visible vis-à-vis the borrower and the general market and is generally considered the most desirable syndication task. This publication summarizes monthly macroeconomic data, industry news and announcements, public company stock trading performance, equity valuation metrics, M&A and financing activity, and debt and credit market activity relevant to your industry. and Sumitomo Mitsui Banking Corporation as joint lead arrangers and bookrunners and UBS AG, Stamford Branch, as administrative agent, in connection with 1.2855.Structuring – Designing and negotiating the financing arrangement with the borrower and setting tiers according to commitment amounts and.Origination – The process by which a lender originates, develops and closes financing transactions, it beginning with borrower acquisition and ends when the facility documents are signed.The lead arranger performs the key functions of:
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