Two Buyout Deals Get Thumbs Up

Kellerhals, Richard
May 2010
High Yield Report;5/31/2010, Vol. 21 Issue 22, p17
The article focuses on the attention directed by investors to two loan deals that back leverage buyouts in May 2010. The deals are a 940 million U.S.-dollar term loan for consumer-credit-reporting agency TransUnion and an 800 million U.S.-dollar credit facility for plastics company Styron. According to an investor in New York, the prices of the deals reflect the impact of market volatility on primary prices. Standard & Poor's has given the term loan of the reporting agency a BB- rating and a B- rating for the second-lien term loan of the plastics firm.


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