Syndicated Finance

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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. As of 2014, the KeyBanc Capital Markets® Syndicated Finance teams raised almost $80.0 billion through 251 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.

KeyBanc Capital Markets’ 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 in this PDF include:

  • KeyBanc Capital Markets served as Left Lead Arranger, Bookrunner and Administrative Agent on $1.055 billion in Senior Secured Credit Facilities and as Joint Bookrunner on the issuance of $405 million in Senior Unsecured Notes in support of the sale of The Kenan Advantage Group, Inc., a portfolio company of Goldman Merchant Banking Division and Centerbridge Partners, to OMERS Private Equity.
  • KeyBanc Capital Markets served as Joint Lead Arranger and Joint Bookrunner on $2.1 billion of new credit facilities to fund the acquisition of ProBuild Holdings LLC by Builders FirstSource, Inc. The facilities consisted of a $800 million Senior Secured Asset-Based Revolving Credit Facility, a $600 million Covenant-Lite Term Loan B and $700 of Senior Unsecured Notes.
  • KeyBanc Capital Markets served as Joint Lead Arranger and Sole Bookrunner on $150 million of Senior Secured Credit Facilities to fund the acquisition of Too Faced Cosmetics, LLC by General Atlantic.

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.