CS First Boston and Dresdner Bank are leading a $200 million syndicated
The New York-based Contifinancial said it will use the unsecured
"This is what any good BBB company should have in its quiver," said
Contifinancial is rated BB+, which is just one notch below investment
Despite investment banks' aggressive move into commercial lending, Mr.
"Commercial banks understand better the collateral being structured,"Mr.
CS First Boston and Dresdner Bank both had been active in providing
CS First Boston, which is equally underwriting the loan with Dresdner,
Dresdner had sold some of the company's initial public offering in
The German-based bank has not recently been an active originator of
"You haven't seen us in evidence much in the last couple of years," said
Dresdner recently committed $500 million to Norfolk Southern's $12.5
Mr. Connolly said that the bank is actively looking to become a lead or
"We also want to be in insurance, but at a step down from the upper
Dresdner is looking to make selective hires in its commercial lending
Mr. Moore said Dresdner was "among the more aggressive in price and
The Contifinancial loan has an initial fee of the London interbank
Co-agents committing $20 million will receive 25 basis points; banks
Heather Timmons contributed to this article.