TITLE

Swift Buyout Raises Private Concerns

AUTHOR(S)
O'Connor, Colleen Marie
PUB. DATE
November 2006
SOURCE
Investment Dealers' Digest;11/13/2006, Vol. 72 Issue 43, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Jerry Moyes, former CEO of Swift Transportation Inc., has launched a buyout offer for the Phoenix, Arizona-based company. The offer has been financed in a joint effort by Morgan Stanley and Co. Inc.'s global capital markets and fixed-income groups. It is expected that the additional leverage on the company's balance sheet would trigger financial covenants embedded in its $200 million private note issuance.
ACCESSION #
23152223

 

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