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Lyondell Seeks $3.25B for Exit Financing

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...

Knight Libertas Adds to Fixed Income Group

Knight Libertas, a subsidiary of Knight Capital Group, has added two staff members to its fixed income research group, the firm announced today...

Garda to Issue $322M in HY Bonds

Montreal-based Garda World Security plans to issue more than $300 million in high yield bonds in order to refinance debt, the company said. Lead underwriter UBS is kicking off a road show today that is expected to end...

Rubicon to Issue $260M in HY for Rig Buy

Rubicon Drilling Services plans to issue $260 million in junk bonds to help finance the purchase of an oil drilling rig, according to several reports. The issue is expected to price Wednesday...

Reader’s Digest to Exit Bankruptcy

Reader’s Digest expects to emerge from bankruptcy promptly, after delaying its exit due to issues with its U.K.-based subsidiary...

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Articles

Macquarie Expansion Starts in High Yield

Macquarie Group, one of Australia’s largest commercial banks, is the latest foreign institution building an investment banking presence on Wall Street—and in this case, much of the focus will be on leveraged finance...

Europe's HY Market Settles into Normalcy

There was the year-long drought. Followed by the six months of feeding frenzy. And now? Recent signs on Europe’s high yield bond market point to increasing selectivity and prudence by investors...

DebtXplained Drills Down into the Details

Stephen Mostyn-Williams, founder and principal of law and advisory firm smwlaw and a well-known figure in the European leveraged finance world, is concerned about the European market. Since high yield bonds have become the name of the game...

Europe 2010: The name is Bond—High Yield Bond

Are you ready for a spot of European optimism? Leveraged finance professionals across the Atlantic expect a good year in 2010, and one in which high yield bonds...

MFC Keeps It Global to Maximize Returns

There’s no avoiding the global impact of the U.S. economy and the ramifications of its recent decline. Ripples from the U.S. housing bubble became waves, causing damage to manufacturers in China and credit investors in Japan...

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