Has Anybody Seen My Pushback?

Clouse, Carol J.
May 2011
High Yield Report;5/9/2011, Vol. 22 Issue 19, p25
The article reports on the state of the loan market in the U.S. which has seen demand exceeding supply. One deal is for Neiman Marcus where in banks syndicating the loans, namely Bank of America Merrill Lynch, Barclays, Credit Suisse, JPMorgan and Wells Fargo, tightened pricing to Libor plus 350 basis points (bps). JPMorgan also tightened the pricing on a term loan B for multi-industry manufacturer Manitowoc Co.


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