Which JPM Group Does This?
I just read on DealBook how JPM is the sole underwriter on Freeport-McMoRan's acquisition of 2 smaller companies. It's a loan worth about $9.5bn. I'm curious as to which group within JPM (or any BB) would be responsible for handling such a deal? I always read about people comparing this group vs. that on WSO, but I'm curious to see the connection to a deal like this. Thanks in advance.
Here's the link: http://dealbook.nytimes.com/2012/12/05/the-big-loan-backing-freeports-e…
Syndicated and Leveraged Finance (SLF), I believe, would be the primary team on a deal like this.
most likely syndications / lev fin
They will likely bring more banks into the mix, I'd think.
Thanks for the responses. And yes, it said they will reach out to Freeport's other lenders and see if they want to underwrite part of the risk as well.
On a somewhat related note, would a background in Credit Risk be a good one to have if you wanted to get into a group like LevFin/Syndications?
Why wouldn't it be a metals and mining group? That's the type of company involved anyway.
It would be a collaboration between them and those mentioned above. The relationship is fostered by sector coverage and then once the deal is in the works the other various silos will work together to structure and execute.
It's a tag team effort. Metals and Mining brings the company, Syndications/LevFin brings the money.
Anyone have insight into whether a background in Credit Risk would be a good one to have if you wanted to get into a group like LevFin/Syndications?
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