TITLE

Two Buyout Deals Get Thumbs Up

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
May 2010
SOURCE
High Yield Report;5/31/2010, Vol. 21 Issue 22, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
51153738

 

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