TITLE

Second Liens Pop Up in New Deals

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
August 2010
SOURCE
High Yield Report;8/2/2010, Vol. 21 Issue 31, p25
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers a look at the market for second-lien term loans in the U.S. A New York-based banker predicted that second-lien term deals do not seem to be much but if such deals are well-priced and structured, they will be sell. Another banker added that second liens are effectively high yield bonds with less liquidity and less return. Information on the debt package arranged by Credit Suisse, Barclays, Morgan Stanley and BMO Capital Markets to support the merger between Pierre Foods and Advanced Foods is also provided.
ACCESSION #
52683255

 

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