Breaking News Breaking News <![CDATA[AerCap Sells $300M in HY]]> The company will use the proceeds to acquire and refinance aircraft. Aircraft leasing companies have been well received on the bond market...

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<![CDATA[Frontier Plans $500M HY Deal]]> The Stamford, Conn.-based data services company is driving by to back a tender offer. It has more than $8 billion in long-term debt...

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<![CDATA[Carrols Offers $140M in 2nd-Lien Bonds]]> The Burger King franchisee will use the funds to refinance debt and renovate restaurants...

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<![CDATA[Momentive Price Talk Reaches 9.5%]]> The bonds were expected to price yesterday and the company plans to use the proceeds to repay a loan and back a tender offer...

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<![CDATA[Deutsche Talks Price on AlixPartners Loans]]> Standard & Poor’s has downgraded the consulting firm to B+ from BB citing the additional leverage and financial risk it taking on via its recapitalization...

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<![CDATA[Berkshire Hathaway Lends Media General $445M]]> The eight-year loan will be used to pay off existing bank debt, avoiding a possibly payment default, but it doesn't come cheap...

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<![CDATA[Inmet Prices Upsized $1.5B Deal]]> The company initially planned to sell $1 billion. It priced the bonds at a discount to yield well above the price talk of 8.5%...

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<![CDATA[Three Issuers Plan $1.025B in Junk Bonds]]> Momentive Performance Materials, Global Brass and Copper and Roofing Supply Group are on the market...

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<![CDATA[Univar Offers $750M in HY for Dividend]]> The company is also refinancing $1 billion in senior subordinated notes. It is owned by CVC and Clayton, Dubilier & Rice...

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<![CDATA[NGPL, Wolverine Bringing $825M to HY]]> NGPL is offering $500 million in bonds and Wolverine will be selling $325 million. Both also have loans on the market...

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<![CDATA[Citi, RBS, JPMorgan Shopping CLOs]]> Babson is working on a $408 million deal, its second of the year; Crescent Capital has a $308 million transaction and BlueMountain Capital a $399 million one...

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<![CDATA[Moody's Launches Covenant Quality Scores]]> The new service provides a quantitative measures of the degree of investor protection on high yield bonds...

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<![CDATA[Morgan Stanley Prepping $470M CLO for LCM]]> The proposed deal, dubbed LCM XI Ltd., includes a $307 million tranche of A class of notes provisionally rated AAA by Fitch Ratings...

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<![CDATA[Sally Beauty Driving By with $700M Offer]]> The company is paying down a term loan and revolver debt and could price the bonds as early as today...

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<![CDATA[Chesapeake Energy Ups Bridge Loan to $4B]]> The second-largest gas producer is now selling the debt at 97 cents on the dollar, up from 96 cents originally; commitments were due this morning.

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<![CDATA[Three Issuers Pull HY Bonds]]> Select Medical, MBI Energy and American Gaming Systems pulled bond deals totaling $765 million...

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<![CDATA[Northern Taps Bond Market for $300M]]> The company upsized the deal from $250 million and will use the proceeds to pay down revolver debt...

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<![CDATA[Investors Say Sally A Beauty with $700M]]> The company issued the 5.75% unsecured bonds in a drive-by offering. The bonds priced below price talk...

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<![CDATA[Chesapeake's Upsized Loan Trades Up on Break]]> The $4 billion senior unsecured loan is trading at 98.75-99.25 cents on the dollar after pricing at 97 cents...

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<![CDATA[Kaiser, QR Bring $500M in Primary Bonds]]> Kaiser is offering $200 million and QR Energy is selling $300 million. Speedy Cash is also selling $75 million in add-on bonds...

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<![CDATA[Price Talk Emerges on SS&C's TLB]]> The financial software provider is offering to pay Libor plus 350 bps on a $725 million, first-lien term loan B...

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<![CDATA[Consolidated Selling $350M for SureWest Buy]]> Morgan Stanley is the sole bookrunner for the deal, which is expected to price by May 18...

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<![CDATA[Two Mining Cos Add $1.05B to HY Queue]]> Molycorp is selling $650 million to back a $1.3 billion acquisition. HudBay is selling $400 million to finance mine development...

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<![CDATA[MJX Asset Mgmt Plans $408M CLO]]> The deal, dubbed Venture X CLO Ltd., appears to the investment firm's first collateralized loan obligation since the financial crisis...

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<![CDATA[Two Cos Add-On $240M in HY]]> Kodiak Oil & Gas issued $150 million in 2019 notes and Speedy Cash got speedy cash via a $90 million add-on...

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<![CDATA[Chesapeake Energy To Pay Up for Bridge Loan]]> The new facility is being talked at Libor plus 750 bps, with a 1.5% Libor floor and a price of 96 cents on the dollar...

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<![CDATA[Kronos Launches $600M Term Loan]]> The pigment manufacturers will use proceeds to refinance existing debt and possibly pay a special dividend of up to $1 per share...

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<![CDATA[Roofing Supply Group Seeks $290M TL]]> The loan is being talked at a spread of Libor plus 450 bps and a price of 99 cents on the dollar...

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<![CDATA[Investors Slow HY Fund Flows]]> Junk bond funds took in $754 million while leveraged loan funds saw $172 million. Both bond and loan fund flows have been consistently positive...

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<![CDATA[Generac, Harland Clarke Add $720M to HY Queue]]> Generac is offering $425 million in bonds and Harland Clarke is selling $295 million...

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<![CDATA[Magnum Hunter Sells $450M in Bonds]]> The company priced the bonds at a discount to bring the yield to 10%, which was above the offering's price talk of 9.5%...

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<![CDATA[Data Device Selling $370M in Loans]]> The deal launches with a lender meeting in New York Monday...

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<![CDATA[Stadium Management Seeks $365M in Loans]]> The proposed senior secured credit facility consists of a six-year, $240 million, first-lien term loan and a six-and-a-half year, $125 million second-lien term loan...

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<![CDATA[LP Sells Upsized $350M HY Deal]]> The company initially planned to issue $300 million. It will use the proceeds to back a tender offer...

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<![CDATA[Carlson Wagonlit Sells $853M in Dollars, Euros]]> The company is the latest to price a bond offering in different currency tranches. It issued $465 million in U.S. dollar-denominated bonds...

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<![CDATA[Gibson Upping Revolver, Repricing TL]]> The Canadian energy services company wants to expand borrowing capacity on its revolver, which is cue in 2016, to U.S.$375 million from U.S.$275 million currently...

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<![CDATA[Ford, Crosstex Offer $1.25B in HY]]> Ford Motor Credit is issuing $1 billion in its third deal of this year; both deals are expected to price today...

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<![CDATA[Ford Motors By HY Market for $1.25B]]> Ford upsized the offering from $1 billion. Tekni-Plex priced $485 million in a discounted bond offering...

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<![CDATA[Loans Cross Electronic Frontier]]> Markit's loan messaging hub is now receiving notices under syndicated credit agreements via FpML...

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<![CDATA[NXT Capital Plans More CLOs]]> Collateralized loan obligations are gaining new life as a way for middle market lenders as a form of financing loans on their books...

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<![CDATA[LBO, M&A Loan Volumes Climbing]]> It’s early, but institutional loan investors are beginning to see M&A and LBO-related deal prospectuses landing on their desks with increasing frequency...

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<![CDATA[Inmet Hopes to Mine HY for Copper]]> Yield-hungry investors may view the high yield bond market as a gold mine, but Inmet Mining is seeking another kind of pay dirt—copper. The Toronto-based metal mining company is selling $1 billion in bonds to finance work on a developing mine...

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<![CDATA[Monier Pulls €250M Bond Offering]]> The German roofing material supplier had planned to use proceeds from the proposed senior secured notes due 2019 to refinance bank debt...

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<![CDATA[Libbey Offers $450M in HY]]> The glass tableware manufacturer plans to eliminate $360 million in outstanding bonds via a tender offer and redemption; it will also contribute to its pension plan...

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<![CDATA[NEP Broadcasts for $620M in Loans]]> Proceeds will be used to refinance debt and fund a dividend payment to shareholders, including sponsor American Securities...

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<![CDATA[Price Talk on Garden Ridge Nears 11%]]> The bonds could price today. The company will use the proceeds to refinance existing debt...

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<![CDATA[Fitch: Caesars Unlikely to Pay Down Debt]]> It makes more sense for the casino operator to use proceeds from the $610 million sale of Harrah's St. Louis to reinvest in its business, the ratings agency says...

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<![CDATA[Garden Ridge Reaps $360M in HY]]> The company priced the bonds 10.75% notes at par, at the high end of talk; proceeds will be used to refinance existing debt...

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<![CDATA[Select Medical, LP Selling Bonds for Tenders]]> Louisiana-Pacific joins select to bring a combined $665 million to the junk bond primary market. Both tender offers expire in early June...

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<![CDATA[Price Talk on Travelport Loan Narrows]]> Lead bank Credit Suisse is now talking the loan at a spread of Libor plus 950 bps, down from 1100 bps, originally...

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<![CDATA[HY Market Serves up $1.9B for DISH]]> The Satellite television service provider upsized its drive-by deal from $1.5 billion. Ruby Tuesday also sold $250 million in junk bonds Monday. Both companies are refinancing debt...

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<![CDATA[Penn National Seeks Add-On to $2.15B CF]]> Proceeds will fund the gaming company's $610 million acquisition of Harrah's St. Louis from Caesars...

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<![CDATA[Gramercy Taps Barclays Vet for Latin America]]> Gustavo Ferraro is responsible for debt restructurings, sourcing, originating and executing transactions and building distribution capacity in the region...

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<![CDATA[Monroe Capital Adds NY Region Leader]]> Ben Marzouk has joined the Chicago-based firm from Praesidian Capital, where he originated lower middle-market loan deals...

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<![CDATA[Thompson Dives into HY Market for $200M]]> The company also plans to raise $200 million in an equity offering and use the proceeds from both to finish construction on a mine...

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<![CDATA[Ares Capital Ups Revolver to $900M]]> The business development company's lenders have also agreed to extend the maturity and lower the interest rate...

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<![CDATA[Tekni-Plex Selling $480M in Bonds]]> The company will use the proceeds to help pay down an existing term loan and outstanding junk bonds...

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<![CDATA[Two Mining Cos Seek Total of $1.2B in HY]]> Inmet is after $1 billion and Thompson Creek Metals $200 million; both companies are using proceeds to fund development...

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<![CDATA[Air Lease Lands $850M Unsecured Revovler]]> The three-year facility was priced at Libor plus 175 bps, with no Libor floor...

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<![CDATA[Penn Virginia Tapping HY for $450M]]> Also on the market is Northern Oil and Gas. Penn Virginia is using $220 million to finance an acquisition...

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<![CDATA[DISH Driving By with $1.5B]]> The company is selling a two-part bond offering through sole bookrunner Deutsche Bank...

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<![CDATA[Deutsche Shopping $1.3B in Loans for SS&C]]> Proceeds will finance the software provider's acquisitions of GlobeOp and Portia...

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<![CDATA[Elo's $270M LBO Loans Kick Off this Week]]> Price talk on the $180 million first-lien term loan is at Libor plus 525 bps, with a 1.25% Libor floor and an offer price of 98 cents on the dollar...

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<![CDATA[AmWINS Seeks $645M Buyout Loan]]> Credit Suisse will hold a lender meeting Tuesday at 11 a.m. in New York...

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<![CDATA[Brickman Group to Reprice, Upsize TLB]]> The provider of commercial landscape maintenance wants to increase the size of an existing loan to $539 million from $527 million...

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<![CDATA[Investors Step Up Junk Bond Fund Purchases]]> High yield bond funds took in a net $1.19 billion for the week, nearly double the $644 million they attracted the previous week...

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<![CDATA[Magnum Hunter Selling $450M in HY]]> The oil and natural gas company will use proceeds to fund a $311 million property buy and to pay down debt...

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<![CDATA[NXT Prices AAA Tranche of CLO at Libor + 190 BPS]]> The Chicago-based lender said this is a post-crisis low for a middle market collateralized loan obligation...

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<![CDATA[Europcar Sells €324M in Downsized HY Deal]]> The company had planned to issue €335 million. It priced the bonds at a significant discount to yield 14%...

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<![CDATA[CNG, Affinity Price $600M in Junk Bonds]]> CNG priced an upsized $400 million offering. Affinity tapped the market for $200 million...

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<![CDATA[Hawker Beechcraft Towed to Chapter 11 Hangar]]> The Wichita, Kan.-based aircraft manufacturer is seeking approval for a restructuring plan that will eliminate approximately $2.5 billion in debt...

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<![CDATA[Rite Aid Adding on $426M for New Tender]]> The company launched a tender offer for its $405 million in outstanding 9.375% senior notes due 2015...

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<![CDATA[CS Talks Price on $1.2B Misys CF]]> The debt consists of a $730 million term loan B, a €250 million term loan B and a $125 million revolver...

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<![CDATA[iStar Selling $250M in HY]]> The REIT plans to repay some of its $784 million in convertible notes due 2012...

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<![CDATA[Rite Aid Sells $421M in Add-On Bonds]]> The deal brings the total tranche size to $902 million. company will use the proceeds to finance a tender offer...

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<![CDATA[CWT Travels to Europe for HY]]> Europe may not be the easiest place to raise money these days, but Carlson Wagonlit is on the market with an offering of $850 million in senior secured notes on at least two continents...

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<![CDATA[Arch Coal Mines Loan Market for $1B]]> The company's earnings have taken a hit from declining production that triggered credit rating downgrades by both Moody’s Investors Service and Standard & Poor’s...

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<![CDATA[iStar Sells $275M in Upsized Deal]]> The REIT will use the proceeds to redeem convertible notes. The bonds priced in a drive-by...

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<![CDATA[Moody’s Liquidity Stress Index Falls in April]]> The benchmark declined to 3.9% last month, matching the record low seen last summer...

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<![CDATA[CIT Sells $2B in Upsized HY Deal]]> The commercial lender initially planned to sell $1 billion. It priced tranches of $1.25 billion and $750 million at par...

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<![CDATA[Citigroup Preps $350M CLO for Aegon]]> Cedar Funding will be Dutch insurer's first collateralized loan obligation, and the deal has some features designed to make up for the investment manager’s limited experience with leveraged portfolios in this kind of a structure...

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<![CDATA[Banks Commit $1.7B for Collective Brands]]> Financing for the acquisition includes a $900 million senior secured term loan, a $200 million revolver, a $375 million bridge facility and a $250 million portion that will be secured by the company’s receivables...

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<![CDATA[Sabre Draws $400M from HY Market]]> The customer service company is also on the market with a new term loan as part of its refinancing effort...

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<![CDATA[Goldman Arranging $3.3B CF for Hologic]]> The proposed facility includes a $2 billion term loan B, a $1 billion term loan A and a $300 million revolver...

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<![CDATA[Harland Clarke Seeks Extension of TL]]> The provider of checks and check writing services wants to push out the maturity of at least 50% of its $1.7 billion facility to June 2017...

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<![CDATA[JPMorgan Shops $951M TL For Burlington]]> The loan is being talked at a spread of Libor plus 400-425 bps with a 1.5% Libor floor...

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<![CDATA[CIT Driving By with $1B HY Offer]]> The commercial lender company plans to use the proceeds to refinance existing debt...

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<![CDATA[Telesat Sells $700M to Back Tender]]> The satellite operator drove by with the deal. It launched a tender offer that has an early consent deadline of May 11...

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<![CDATA[Ruby Tuesday Serves $250M HY Offer]]> The restaurant operator plans to use the proceeds to repay outstanding debt...

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<![CDATA[Arch Coal Mines for $1B Term Loan]]> Proceeds from the covenant-lite offering will be used to repay high yield bonds and reduce outstanding revolver borrowing...

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<![CDATA[Hub Extends U.S., Canadian Credit Facilities]]> The insurance broker pushed out the maturity of both facilities; it had to offer its U.S. lenders additional yield...

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<![CDATA[3i Hires Portfolio Manager from HSBC]]> David Fewtrell was most recently head of EMEA loan sales in the global markets unit of HSBC...

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<![CDATA[FATCA Still Threatens Offshore CLOs]]> Steps taken by Treasury and the IRS to date don't fully address the problem, according to the Loan Syndication and Trading Association...

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<![CDATA[Osmose Upsizes Term Loan to $255M]]> The size of a proposed revolver backing its buyout has also been increased, by $20 million to $45 million...

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<![CDATA[GS to Finance Hologic's Buy of Gen-Probe]]> The $3.7 billion deal will be funded through a combination of loans and high yield bonds...

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<![CDATA[Citi Sets Price Talk on Bausch & Lomb TL]]> The eye care products company will use proceeds to refinance a European loan and fund transactions...

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<![CDATA[CS Preps $1.06 LBO TL for Misys]]> The deal, with both dollar and euro tranches, kicks off in London on Thursday and in the U.S. on...

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<![CDATA[JPMorgan Ups 2012 HY Forecast to $300B]]> That would put volume for the year just shy of the record $302 billion seen in 2010...

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<![CDATA[TLB Pipeline At Highest Point Since July 2011]]> M&A and buyout deals now comprise more than half of the $18 billion institutional calendar...

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<![CDATA[Kames Adds Investment Manager]]> Claire McGuckin joins the London-based firm from Legal & Geneal Investment Management...

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