Debt Capital Markets

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The KeyBanc Capital Markets® Debt Capital Markets team represents one of the strongest full-service debt-side investment banking, sales, trading and distribution platforms in the nation. We use a blend of real world perspectives, backed by robust capabilities and relationships, to help our clients use leverage to grow, make acquisitions, and enhance operations.

Our teams closed 266 transactions delivering more than $118.4 billion in debt capital through three quarters of 2014. Many of these success stories are concentrated in industries where we are a significant provider of debt capital and offer specialized, dedicated teams.

We view both borrowers and investors as our clients. Led by senior bankers with longstanding industry relationships, our professionals listen to borrower’s needs and then match them with a deep knowledge of investors' risk parameters and investment goals, creating solutions that help issuers and investors achieve their objectives.

Our teams provide debt capital to businesses across the country. Recent examples include:

  • NN, Inc. - On August 29, 2014, KeyBanc Capital Markets (“KBCM”) successfully advised NN, Inc. (“NN” or the “Company”) on the acquisition of Autocam Corporation (“Autocam”). KBCM was chosen as exclusive buy-side advisor based on our longstanding relationship with the Company and deep industry knowledge. KBCM managed the entire diligence process, including financial and operational due diligence, and advised NN on all facets of the transaction and post deal capital structure. In support of the transaction, KBCM, in partnership with KeyBank Business Capital ("KBBC"), a product group of KeyBank N.A., underwrote and syndicated $450 million of senior secured credit facilities consisting of a $100 million asset based revolving credit facility (“ABL Revolver”) and a $350 million term loan (“Term Loan” together with the ABL Revolver, the “Credit Facilities”) for NN. KBCM acted as Joint Lead Arranger, Joint Bookrunner and Syndication Agent on the Term Loan and Joint Lead Arranger, Joint Bookrunner and Administrative Agent on the ABL Revolver.
  • Emerald Performance Materials, LLC – Successfully syndicated $855MM of Senior Secured Credit Facilities to fund the acquisition by American Securities. The Facilities consisted of a $75MM Revolving Credit Facility, $550MM First Lien Term Loan, and $230MM Second Lien Term Loan. KeyBanc Capital Markets acted as Right Lead Arranger / Joint Bookrunner. KBCM also served as co-sell-side advisor on the transaction.
  • Health Care REIT, Inc. – KeyBanc Capital Markets syndicated a $3.25 billion Senior Unsecured Credit Facility for Health Care REIT Inc., acting as Joint Lead Arranger and Administrative Agent. This Facility represented the latest transaction in a long-standing relationship between HCN and Key Bookrunner and Syndication Agent on the Term Loan and Joint Lead Arranger, Joint Bookrunner and Administrative Agent on the ABL Revolver.
  • KBCM acted as Joint Lead Placement Agent for Kentucky Power, a subsidiary of American Electric Power. Kentucky Power is an electric utility company headquartered in Ashland, Kentucky. The company owns 1,860 MW of 100% coal fired generating capacity with a peak load of 1,409 MW in 2013, and operates 11,159 circuit miles of transmission and distribution lines. It serves 172,000 retail customers in eastern Kentucky, and supplies and markets electric power at wholesale to other electric utility companies, municipalities, and other market participants. The company issued $120 million of 4.180% Senior Notes due September 2026 and $80 million of 4.330% Senior Notes due December 2026. The 4.18% Notes included a 3-month delayed draw and the 4.33% Notes included a 6-month delayed draw.

Our full-service platform includes a broad range of capabilities, including: