TITLE

Repricing Conga Line Gets Longer

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
February 2011
SOURCE
High Yield Report;2/21/2011, Vol. 22 Issue 8, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on several U.S. firms seeking to reprice their loans as of February 2011. It states that the amount of loans being renegotiated are well over 5.5 billion dollars, and that the biggest among them include Visant Holdings, Petco and Michael Foods. Visant is looking to reprice a term loan worth 1.25 billion dollars, with Credit Suisse looking for lenders. JPMorgan, Bank of America Merrill Lynch and Credit Suisse are looking for lenders to help Petco with its 1.225 billion dollar cov-lite term loan, while Michael Foods needs 760 million.
ACCESSION #
58603445

 

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