Latest News

Banks Prep $150M TLB, Notes for Prestige Brands

Mar 12, 2010 – Bank of America Merrill Lynch and Deutsche Bank have arranged a $150 million term loan B and $150 million in senior notes for Irvington, N.Y.-based Prestige Brands...

Banks Tighten Solutia’s OID at Last Minute

Mar 12, 2010 – A bank consortium shopping a $750 million term loan for Solutia on Thursday tightened the loan's OID to 99.5 from 99 in the hours approaching the 5 p.m. commitment deadline...

Lyondell Seeks $3.25B for Exit Financing

Mar 12, 2010 – LyondellBasell is looking to raise $3.25 billion in exit financing, the Houston-based company said late Thursday. The package will include both junk bonds and a senior term loan facility. The chemical company plans to issue $2.25 billion...

HY Fund Inflows Set Record

Mar 12, 2010 – High yield bond funds took in more than $1 billion for the week ending March 10, research firm EPFR Global said today. The total marks the highest weekly inflow since the firm began tracking fund flows...

Huntsman HY Offering Hits Market

Mar 11, 2010 – Chemical provider Huntsman plans to issue $250 million in junk bonds to take out existing debt, the Woodlands, Texas-based company said...

BofA Ups Coupon, Widens OID on Provo TL

Mar 11, 2010 – Bank of America Merrill Lynch has revised the terms of a $235 million term loan for Provo Craft & Novelty. The bank increased the coupon to...

Steel Dynamics Plans $300M HY Bond Sale

Mar 11, 2010 – Fort Wayne, Ind.-based steel producer Steel Dynamics is striking while the high yield bond iron is hot, in hopes of raising $300 million to repay debt, it announced today...

JPM Shops $800M TL for Quad/Graphics

Mar 11, 2010 – JPMorgan on Wednesday hit the market with an $800 million term loan to help facilitate the merger between Quad/Graphics and Worldcolor Press...

Banks Set OID on N.E.W. Facility

Mar 11, 2010 – A bank consortium shopping a $1.1 billion credit facility for N.E.W. Customer Service has set an OID of 99 on a $700 million first-lien term loan and a $400 million second lien...

GMAC Drives By with Upsized $1.5B Deal

Mar 11, 2010 – Financial services giant GMAC launched a successful drive-by on the high yield market Wednesday, taking in $1.5 billion in an upsized offering...

KKR Revamps Asset Management Debt Team

Mar 11, 2010 – Kohlberg Kravis Roberts & Co. has promoted four professionals in its asset management department to run the firm's special situations and leveraged credit strategies...

Tribune Is Credit Market’s Next Battlefront

Mar 11, 2010 – There is brawl underway in the Windy City, but not between fans of the Cubs and the Sox. Bondholders of media giant Tribune are rumbling with the banks that arranged the company’s...

Broadpoint’s Malas: A Chance for Small Firms

Mar 11, 2010 – Bulge-bracket banks may be back, but Lex Malas, head of the debt capital markets origination group with Broadpoint Gleacher, still sees opportunities for smaller players. Malas joined Broadpoint Capital after serving with Deutsche Bank...

Revlon TL Rises on Break

Mar 10, 2010 – An $800 million term loan for Revlon broke for trading Tuesday and rose more than a point in price soon thereafter...

Banks Sweeten Ardent Health Loan Deal

Mar 10, 2010 – Banks shopping a term loan for Ardent Health Services have revised the structure of the deal...