TITLE

Loan Market Heats up as Summer Winds Down

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
September 2010
SOURCE
High Yield Report;9/6/2010, Vol. 21 Issue 36, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the impact of the plan of U.S. banks to launch five deals as of September 2010 on the loan market. A term loan B backing the merger between Valeant Pharmaceuticals and Biovail will be arranged by Goldman Sachs, which has also arranged a term loan A and a revolver. Meanwhile, a second-lien term loan backing the merger of Pierre Foods with Advanced Foods will be marketed by a bank group led by Credit Suisse. The acquisition of Fort Dearborn by KRG Capital will be backed by a credit facility marketed by a bank consortium.
ACCESSION #
53455192

 

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