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Volatility Strikes! Koppers Pulls $400M Bond Deal

Koppers, a chemical producer based in Pittsburgh, scrapped a $400 million bond sale due to unfavorable market conditions. It also cancelled a tender offer for its $300 million of outstanding 7.875% senior notes due 2019, which was to be funded by the new issuance.


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Latest News

Dollar Tree Sets Meetings for $6.95B Loans Offer

– Dollar Tree is going to market with a $6.95 billion loans proposal to help fund its merger with Family Dollar, after winning approval Thursday from Family Dollar shareholders on its $8.7 billion takeover bid.

High Yield Bond Funds, ETFs Back Out of Favor

– The $241.2 million withdrawn from mutual funds and exchange traded funds only partially reversed the $897.5 million added the previous week

Platform Specialty Downsizes Loan, Prices Notes

– Commitments are due today for a downsized, multicurrency loan proposal of approximately $600 million from Platform Specialty Products and its MacDermid Inc. subsidiary, which today also priced and sold an upsized $1 billion notes offering in a 144A private sale.

Aruba, Speedway Price Combined $425M of HY

– Below investment grade issuers Aruba Investments and Speedway Motorsports both issued in the private bond market.

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