Swift Buyout Raises Private Concerns

O'Connor, Colleen Marie
November 2006
Investment Dealers' Digest;11/13/2006, Vol. 72 Issue 43, p4
Trade Publication
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.


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