TITLE

Auto Parts Cos. Could Ignite Deal Activity

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
May 2010
SOURCE
High Yield Report;5/31/2010, Vol. 21 Issue 22, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the deal activity in the leveraged loan market that can result from a surge of acquisitions within the U.S. automotive parts industry. According to market players, more debt will be generated from an increase in acquisitions. It adds that the average price of a term loan trading on the secondary market associated with an automotive parts company was at 95.56 as of the middle of May 2010. A loan trader in New York raises concern over the cheap valuations in the market.
ACCESSION #
51153739

 

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