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 the end of September 2014, the KeyBanc Capital Markets® Syndicated Finance teams raised more than $47.2 billion through 166 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 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 KBCM Bookrunner and Syndication Agent on the Term Loan and Joint Lead Arranger, Joint Bookrunner and Administrative Agent on the ABL Revolver.

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.