Latest News

Eddie Bauer Offers $250M Term Loan

Specialty outdoors apparel retailer Eddie Bauer, which saw a takeover offer from Jos. A. Bank Clothiers pulled in March, has launched a $250 million loan offer to pay off existing senior secured notes and issue a dividend to majority owner Golden Gate Capital, according to agency reports.

TASC Reconfigures $632M Loan Offer

TASC Inc. this week has split its proposed $632 million term loan offer into two tranches, as the defense contractor works to refinance existing debt that matures next year.

Antero Upsizes HY Deal to $600M

Antero Resources issued $600 million in bonds Wednesday in a drive-by deal upsized from $500 million. The 5.125% senior unsecured notes due 2022 priced at par.

Panel Eyes Continuing CLO Demand

Despite potential regulatory hurdles and dire reports on the decreasing quality of underlying assets in collateralized loan obligations, structured credit experts said they see almost no letup in investor demand for CLOs in the foreseeable future.

Stater Bros. Grocery Launches $300M Loan Offer

Stater Brothers, a Southern California grocery chain, has proposed a $300 million term loan B, according to KDP Investment Advisors.

TravelClick Seeks $590M in Loans for Buyout

The parent firm of TravelClick, a global marketing and reservation services firms to hotels, is shopping a $590 million loan proposal to help finance a buyout by private equity group Thoma Bravo.

Antero to Tap HY Market for $500M

Antero Resources is selling $500 million in senior unsecured notes due 2022 and plans to use the proceeds to redeem existing debt.

Euro HY Reaches Record YTD High

Euro-denominated high yield bond volume reached $34.4 billion in 2014 so far, a record year-to-date high as investors on both side of the Atlantic continue to ratchet up demand for high yield paper.

Numericable Deal Prices $16.7B in HY

Numericable set a new record for the largest high yield bond deal ever sold today. The French cable and telecom service provider sold $13.58 billion in a five-part, dual-currency bond deal that is part of a larger $16.7 billion bond offering with its largest shareholder Altice.

LSTA Bemoans Catch in Extension of CLO Volcker Compliance

A Federal Reserve limitation on the two-year extension it granted banks to bring CLO holdings into Volcker Rule compliance will end up harming divestiture efforts, a trade group spokesman said.

Three Issuers Add $1.4B to HY Calendar

Constellium is selling 590 million ($814 million) in senior notes. Consolidated Minerals is offering $400 million in senior secured notes. InterXion is on the market with an offering of 125 million ($173 million) in senior secured notes.

Hearthside Loan Terms Set; HY Talk Emerges

Recommitments are due today in a $665 million first-lien loan offer from Hearthside Food Solutions, which also saw price talk emerge on its upsized $300 million notes proposal.

Mohegan Tribal Launches Refi Effort

The Mohegan Tribal Gaming Authority launched a refinancing effort that will require the casino operator to issue new debt. It is soliciting consent to amend one tranche of bonds as it started a tender offer for another.

Babson Adds to Emerging Markets Team

Babson Capital said it added 12 investment professionals to its emerging markets investment group, finishing the expansion effort that it launched last year.

Babson's Finke: CLO Market Often Unfairly Judged

Babson Capital Management Chairman and Chief Executive Tom Finke used his keynote address at a CLO industry conference event in New York Tuesday to present a takedown of criticisms of the collateralized loan obligation market.

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