Debt Capital Markets
Overview
Macquarie’s US Debt Capital Markets (DCM) team consists of dedicated professionals with expertise across the spectrum of debt markets. We offer a full range of debt origination and distribution services:
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Structure & arrange:
- Macquarie’s DCM team structures and arranges financings on our clients’ behalf, using our deep expertise and extensive network of relationships to achieve the best outcome for each transaction.
- The DCM team can also provide interest rate derivatives and foreign exchange products. We have the ability to structure and execute derivative products in all major currencies and regions, including many non-G20 currencies.
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Underwrite & distribute:
- Macquarie’s Credit Sales and Trading (CST) team distributes new issues to institutional clients and provides liquidity to investors. The CST team specializes in high yield bonds, leveraged loans, distressed credit, special situations, project financings and trade claims.
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Hold:
- Macquarie is an active lender and buyer of loans in the secondary market and can provide principal holds for Macquarie arranged or issued deals. Macquarie actively makes significant commitments on a buy and hold basis with the ability to act as a cornerstone for underwritten syndicated financings and to structure and provide customized bilateral financing solutions for our clients.
Since August 2007, Macquarie DCM has raised more than $US187 billion for clients globally and has established over 300 direct relationships with financial institutions from debt raising activities. We have over 80 dedicated debt financing professionals in key financial centers worldwide.
Debt Capital Markets team global coverage
Key transactions
| Year | Description | Transaction Value |
|---|---|---|
| Local | ||
| 2011 | Sole bookrunner to Dial Global on a second lien debt facility | $US85m |
| 2011 | Lead manager on Duquesne Light Holdings, Inc. senior notes offering | $US350m |
| 2011 | Joint bookrunner and joint lead arranger to La Paloma Generating Company LLC on first-lien and second lien debt refinancing | $US427m |
| 2011 | Joint bookrunner on National CineMedia’s senior unsecured notes issuance | $US200m |
| 2011 | Equity underwriter and joint bookrunner on the debt financing for Dynacast International LLC | $US350m |
| 2011 | Joint bookrunner on a senior unsecured notes issuance for International Lease Finance Corporation | $US2.25bn |
| 2011 | Joint bookrunner and joint lead arranger on Airvana Network Solutions' senior secured credit facilities | $US420m |
| 2011 | Joint bookrunner, joint lead arranger and syndication agent on Waste Industries' senior secured credit facility | $US750m |
| 2011 | Sole bookrunner, sole lead arranger and syndication agent on a senior secured credit facility for Encompass Digital Media | $US195m |
| 2011 | Joint bookrunner on a unsecured note deal for Kraton Performance Polymers | $US250m |
| 2011 | Joint bookrunner on senior notes offering for Macquarie Group Ltd. | $US750m |
| 2010 | Joint bookrunner and documentation agent on a senior secured credit facility for General Growth Properties, Inc. | $US300m |
| 2010 | Joint bookrunner on a senior secured notes issuance for Northern Tier Energy | $US290m |
| 2010 | Joint bookrunner and joint lead arranger on a senior secured credit facility for Cenveo | $US530m |
| 2010 | Joint bookrunner on a senior notes offering for Macquarie Group Limited | $US500m |
| 2010 | Joint bookrunner on a senior notes offering for Garda World Security Corp | $US250m |
| 2010 | Joint bookrunner, joint lead arranger and co-syndication agent on a senior secured facility for Bucyrus | $US1.05bn |
| 2010 | Joint bookrunner on a senior notes offering for Macquarie Group Limited | $US1.0bn |
| 2010 | Sole bookrunner, sole lead arranger and syndication agent for the acquisition financing to support Littlejohn & Co's acquisition of Henniges Automotive Holdings, Inc. | $US110m |
| 2010 | Joint bookrunner , joint lead arranger and co-syndication agent on a senior secured credit facility for Centerplate Inc. | $US309m |
| 2010 | Joint bookrunner and lead arranger on a Senior Secured Credit Facility for Airvana Network Solutions | $US360m |
| 2010 | Exclusive financial advisor, joint bookrunner and joint lead arranger on the Midwest Gaming & Entertainment, LLC joint venture, which was formed to develop a casino in Des Plaines, Illinois | $US445m |
| Global | ||
| 2010 | Advisor and lead manager on the issue of retail notes for ALE Property Group | $A125m |
| 2010 | Joint lead manager for the issue of medium term notes for DBNGP | $A550m |
| 2010 | Advisor and mandated lead arranger on the LBO financing for the acquisition of Healthscope by TPG Capital and Carlyle Group | $A2.7bn |
| 2010 | Advisor and debt arranger on the debt refinancing of Southern Cross Media used to facilitate the internalization and corporatization of the company | $A375m |
| 2010 | Advisor and debt arranger on the corporate facilities for the Myclin IPO | $A165m |
| 2010 | Advisor and debt arranger to Wales and West Utilities on the extension and amendment of senior debt facilities, the restructure of inflation-linked and nominal interest rate swaps and whole of business securitization | £6.0bn |
| 2009 | Advisor and debt arranger on project financing for the Victorian Desalination Plant | $A3.8bn |
| 2009 | Advisor on the restructure of the debt facilities to facilitate the recapitalization of Goodman Group | $A11.5bn |
| 2009 | Advisor and debt arranger on project finance facilities to support the PPP of I-595 Corridor Roadways | $A2.2bn |
| 2009 | Advisor and debt arranger on the refinance of APA Group | $A900m |
| 2009 | Advisor and debt arranger on the refinance of Dampier-Bunbury Pipeline | $A480m |
| 2008 | Advisor and debt arranger to Korean company LS Cable on debt facilities to finance the cross-border acquisition of US-listed Superior Essex | $US750m |