TITLE

LBO Loan Activity Heats up with Two Big Buyout Deals

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
April 2011
SOURCE
High Yield Report;4/11/2011, Vol. 22 Issue 15, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that leveraged buyout (LBO) activity on the leveraged loan market has increased by 2.8 billion U.S. dollars in early April 2011. The underwriters, including Barclays, Deutsche Bank, and Morgan Stanley, have established a price talk for the term loans backing the buyouts of Emergency Medical Services Corp. and SRA International, at Libor plus 400 basis points with an original issue discount of 99.5 and a 1.5% Libor floor. It is noted that Emergency Medical Services Corp. will be acquired by private equity firm Clayton, Dubilier & Rice.
ACCESSION #
59975031

 

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