Slew of Loan Repricings Takes a Dent out of Returns

Kellerhals, Richard
January 2011
High Yield Report;1/24/2011, Vol. 22 Issue 4, p19
This article discusses the move of several companies in the U.S. to reprice their term loans in 2011. Denny's, Solutia, Petco and DineEquity were among the companies that repriced their loans at cheaper rates. According to Barclays Capital, the repricing transactions have underperformed the Barclays Capital Performing Loan Index. The firm said some investors are not in favor of the transactions.


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