Leveraged Loans

News

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...

Banks Tighten Solutia’s OID at Last Minute

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...

Banks Prep $150M TLB, Notes for Prestige Brands

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 Set OID on N.E.W. Facility

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...

JPM Shops $800M TL for Quad/Graphics

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

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Articles

Tribune Is Credit Market’s Next Battlefront

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...

Health Care Gives Markets a Shot in the Arm

Are health care deals just what the credit doctor ordered? Some market participants think so, seeing as a few recent health care issues have garnered a lot of attention...

Investors Have Good Chemistry with Chemical Co. Solutia

Investors this week seemed fond of the formula a bank group was concocting to market more than $1.3 billion in debt for chemical maker Solutia...

Will Smurfit-Stone Set a Precedent for CLOs?

Last month, a bank consortium syndicated a $1.2 billion exit loan for Chicago-based box maker Smurfit-Stone. The deal irked several CLO managers because...

CLO Consolidation Activity Surges

At the onset of the credit crisis, market participants expected a wave of consolidation in the CLO market. The wave turned out to be little more than a ripple...

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