Company News

News

Blockbuster Misses Another Interest Payment

Blockbuster missed another interest payment on bonds and is prevented from doing so because of missed payments to more senior bondholders, the company said in filing...

Banks to Shop Tomkins Buyout Loan after Labor Day

A Citigroup-led bank group will begin marketing a $1 billion term loan B backing Tomkins buyout on Sept. 8...

Continental AG Plans €750M Bond Deal

German vehicle manufacturer Continental AG plans to issue €750 million in junk bonds to help pay down its bank loans, the company announced...

Court Appoints Mediator for Tribune

The court handling the Chapter 11 bankruptcy case of Tribune appointed a mediator who will help negotiate a settlement to the controversial bankruptcy case...

AbitibiBowater Names New Board

AbitibiBowater announced a new board of directors Thursday. The Montreal-based newsprint and commercial printing company is in the process of reorganizing in its effort to emerge from bankruptcy...

Vertis Seeks $500M First-Lien Term Loan

Vertis Holdings, a Baltimore-based marketing communications company, is seeking a $500 million first-lien term loan to refinance existing debt...

HSBC, RBS Prep $450M CF for 2Wire Acquisition

HSBC and the Royal Bank of Scotland have arranged a $450 million credit facility backing Pace’s acquisition of 2Wire...

Titan Launches Tender Offer

Titan International launched a tender offer for senior notes that it had planned to fund with a junk bond deal it pulled earlier this year. It is the second tender offer for the same series of notes...

Banks Spice Up Pet Supplies Plus TL

BNP Paribas and Société Générale have increased the coupon on an $85 million term loan B they are shopping for Pet Supplies Plus to Libor plus 575 bps from Libor plus 525 bps...

Visteon Reorg Plan Wins Court OK

Visteon won court approval for its plan of reorganization, the Van Buren Township, Mich.-based auto parts maker announced Tuesday. The company expects to exit bankruptcy by Oct. 1...

More