Family Dollar Rejects DG Takeover Bid

Citing anti-trust concerns, Family Dollar Stores today rejected an unsolicited $9.7 billion all-cash takeover bid from Dollar General and reaffirmed its commitment to a $9.2 billion merger agreement with Dollar Tree both companies announced in July.

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More Rated Issues are Spec-Grade: S&P

– Nearly half of all the world’s rated credit issuers are speculative-grade, with the majority of U.S. and Emerging Market issuers in the junk-rated category, according to Standard & Poor’s.

Fitch: ‘At The Market’ Programs Raising BDC Risks

– The flexible and cost-efficient use of “at the market” programs to issue stock could tempt business development companies to fund riskier loans, according to Fitch Ratings.

SFX Offers Add-On HY Bonds

– SFX Entertainment is offering add-on 9.625% senior secured second-lien notes due 2019. The live entertainment company is selling the notes in a private offering.

Nielsen & Bainbridge Places $320M in Loans

– Nielsen & Bainbridge completed a proposal for $320 million in loans on Tuesday that will help finance the company’s planned acquisition of The Home Décor Companies.

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