Springtime for Momentive with $1.365B in HY

Sheahan, Matthew
November 2010
High Yield Report;11/1/2010, Vol. 21 Issue 44, p11
This article focuses on the 1.365 billion U.S. dollars in junk bonds issued by Momentive Performance Materials and Momentive Specialty Chemicals on October 25, 2010. Particular focus is given to the springing-lien feature of the deal. There is a plan by Momentive Performance to use proceeds from the deal in financing cash tender offers for senior notes due 2014. The early tender date of the offers is November 4, 2010 and will expire on November 19.


Related Articles

  • Momentive Prices Downsized $250M Deal. Sheahan, Matthew // High Yield Report;5/21/2012, p22 

    The article reports on a junk bond deal priced by Momentive Performance Materials in May 2012 that was downsized by half after upsizing the bond offering from 450 million to 500 million U.S. dollars.

  • Investors Unafraid of Second-Lien Revival. Sheahan, Matthew // High Yield Report;11/1/2010, Vol. 21 Issue 44, p21 

    This article reports on the re-emergence of second liens in the high yield bond market in 2010. According to Barclays Capital, second-lien high yield bond issuance this year has increased than that of the previous year. It notes that the reappearance of these deals can be attributed to an...

  • Valassis Closes Oversubscribed Tender Offer. Sheahan, Matthew // High Yield Report;6/14/2010, Vol. 21 Issue 24, p22 

    The article announces Valassis' completion of its tender offer for a series of high yield bonds.

  • Reserve Board restricts takeover financing.  // Accountancy;Feb1986, Vol. 97 Issue 1110, p49 

    Reports that the U.S. Federal Reserve Board has restricted the use of junk bonds in financing takeover bids. Application of the margin requirements in Regulation G of the Securities and Exchange Act of 1934; Government agencies opposing the move of the Federal Reserve Board.

  • PolyOne to Sell $320M in Junk Bonds for Tender. Sheahan, Matthew // High Yield Report;9/13/2010, Vol. 21 Issue 37, p19 

    The article reports that specialized polymer manufacturer Polyone is selling 230 million U.S. dollars in junk bonds as financing for a tender offer.

  • Windstream to Issue $200M in HY. Kellerhals, Richard // High Yield Report;1/10/2011, Vol. 22 Issue 2, p21 

    The artilcle reports on the plans of Windstream to issue 200 million U.S. dollars in high yield bonds to finance a tender offer on January 10, 2011.

  • CCS Makes $696M HY Offer for Tender. Sheahan, Matthew // High Yield Report;6/20/2011, p3 

    The article reports on the 675 million Canadian dollar junk bond offer issued by the Calgary, Alberta-based oil and gas environmental services firm CCS in the financial market, with proceeds to be used to finance a tender offer.

  • Omnicare Offers $400M in Junk Bonds. Sheahan, Matthew // High Yield Report;5/17/2010, Vol. 21 Issue 20, p14 

    The article reports on the 400 million U.S. dollars worth of high-yield bonds, which are being priced by JPMorgan, Barclays, City and Suntrust Robinson Humphrey, that will be issued by Omnicare to settle existing senior credit facilities and finance a tender offer for 225 million U.S. dollars.

  • Belden Plans $550M HY Sale to Back Tender. Sheahan, Matthew // High Yield Report;8/20/2012, p7 

    The article reports on the plan by cable, connection and network product manufacturer Belden to sell junk bonds worth 550 million U.S. dollars in order to finance tender offers.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics