TITLE

Local Insight Restricts Trades, Stirs up Loan Market

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
August 2010
SOURCE
High Yield Report;8/30/2010, Vol. 21 Issue 35, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses issues surrounding the decision of Local Insight Regatta Holdings to restrict lenders from trading its term loan B following an announcement that it would likely breach its loan covenants. While others argue that the move is just part of the loan market, others pointed out that it could limit investors' options in the future. The restriction to the term loan, worth 335 million U.S. dollars, was made by not allowing assignments on the debt.
ACCESSION #
53301092

 

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