Syndicated Finance

Certainty of execution is critical when multiple partners are needed to secure funding required for a deal, to seize an opportunity or expand your business. During 2012, KeyBanc Capital Markets® syndicated finance teams raised more than $43 billion in 205 transactions, working on behalf of clients across the country and in a wide range of industries. These syndications, a combination of corporate, leveraged finance and real estate transactions, funded operating capital, new projects, and a wide range of opportunistic investments.

Key’s syndication teams, each led by a senior banker, coordinate with our industry experts to deliver rapid decision-making; we understand that our clients need answers to respond to opportunities. When we commit, we execute.

Long-standing relationships and a strong track record are hallmarks of our syndications. Recent examples include:

  • STERIS Corporation turned to KeyBanc Capital Markets to serve as Joint Lead Arranger, Joint Bookrunner and Administrative Agent for a $300 million Senior Unsecured Revolving Credit Facility.
  • KeyBanc Capital Markets syndicated a $500 million Senior Revolving Credit Facility for TeleTech Holdings, acting as Joint Lead Arranger, Sole Bookrunner, and Administrative Agent.
  • A wind power generation project in Nebraska benefitted from $97 million in senior secured credit facilities for Edison Mission Energy. KeyBanc Capital Markets acted as Joint Lead Arranger, Collateral Agent and Administrative Agent.

As a resource for borrowers, our network of investors and financial institution partners allows us to lead many types of loans, including:

  • Syndications. We work with you to create and market syndicated loans used to fund acquisitions, recapitalization, restructuring or to support other business goals. These include revolvers, Asset Based Loans, pro-rata term loans, institutional term loans (Term Loan-B’s), delayed-draw term loans and second lien facilities.
  • Bridge Loans. Typically used to fund M&A and buyouts, bridge loans allow a transaction to proceed prior to permanent financing.

Our approach is to be materially involved in the loan transactions we recommend, so we typically invest funds alongside those of the investors we bring into our deals.

Our teams have a focused and dedicated coverage effort allowing us to stay in touch with investors and the market. This approach has built a deep pool of investors who cite well-structured transactions and strong due diligence for their repeat business.