TITLE

AES Powers to Market with M&A Loan

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
May 2011
SOURCE
High Yield Report;5/23/2011, Vol. 22 Issue 21, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that AES, a power generation company, is on the market for a 1.05 billion U.S. dollars 7-year cov-lite term loan to finance its acquisition of DPL valued at 4.7 billion U.S. dollars. AES also plans to issue 800 million U.S. dollars revolving loan and 1 billion U.S. dollars in unsecured senior notes. The syndication team is led by Bank of America Merrill Lynch which provided a bridge loan worth 3.3 billion U.S. dollars.
ACCESSION #
61218631

 

Related Articles

  • Banks Launch $1.5B TL for Frac Tech Buyout. R. K. // Leveraged Finance News;4/25/2011, Vol. 1 Issue 17, p1 

    The article reports on the launch of a 1.5 billion term loan by Citigroup Inc. and Bank of America Corp. to support the buyout for Frac Tech Services in the U.S. in 2011. Frac Tech is reportedly being acquired by several investors including Temasek, RRJ Capital and Maju Investments. According to...

  • BofA Shops $2.3B TL for Packaging Co. Deal.  // Leveraged Finance News;4/25/2011, Vol. 1 Issue 17, p2 

    The article offers news briefs related to loans in the U.S. in 2011. Bank of America Corp. has a 2.3 billion dollars term loan B that will support the acquisition of Graham Packaging by Silgan Holdings. IASIS Healthcare Corp. is markets in debt of more than 2 billion dollars as part of a...

  • Syndicated Loans for M&A Sink. Leibs, Anthony // Mergers & Acquisitions Report;07/12/99, Vol. 12 Issue 28, p1 

    Reports on the decline in syndicated loan issuance in the first quarter of 1999 for mergers and acquisitions. Percent decline in overall syndicated loan volume; Factors that contributed to the decline in syndicated loan issuance; Syndicated loan volume in the first quarter.

  • Level 3 Adds $60M To TLB. Kellerhals, Richard // High Yield Report;5/11/2009, Vol. 20 Issue 19, p4 

    The article reports that Broomfield, Colorado-based technology company Level 3 Communications has added 60 million U.S. dollars to its 220 million dollar term loan B. In April 2009, Level 3 has secured the 220 million U.S. dollar loan from Bank of America and was syndicated to investors at Libor...

  • BofA Syndicates QVC's TLB After Yanking It From Primary. Kellerhals, Richard // High Yield Report;7/13/2009, Vol. 20 Issue 28, p12 

    The article reports on the syndication of a 500 million U.S. dollar term loan B by Bank of America for QVC to a group of investors. The term loan will be due 2015, which also featured a 2 percent Libor floor. Proceeds from the deal will be used by the West Chester, Pennsylvania-based television...

  • Nalco Deal Trades in the Upper 90s. R. K. // Bank Loan Report;5/11/2009, Vol. 24 Issue 19, p1 

    The article reports on the move a bank consortium, including Deutsche Bank AG, Bank of America Corp. and HSBC Holdings PLC to syndicate a $570 million term loan B for Nalco Co., a producer of chemical used to treat water. The term loan was bought at London Interbank Offer Rate (Libor) plus 350...

  • Level 3 Secures TL From BofA. Kellerhals, Richard // High Yield Report;4/13/2009, Vol. 20 Issue 15, p25 

    The article reports on a 220 million U.S. dollars term loan B secured by Broomfield, Colorado-based technology company Level 3 Communications from Bank of America. The term loan was syndicated to investors and will mature along with Level 3's existing 1.4 billion U.S. dollars credit facility in...

  • Banks Prep Debt for Birds Eye Acquisition. Kellerhals, Richard // High Yield Report;11/30/2009, Vol. 20 Issue 48, p15 

    The article reports on the 895 million U.S. dollar term loan arranged by a bank consortium to help finance the acquisition of Birds Eye Foods by Pinnacle Foods. The consortium is comprised of Bank of America, Barclays, Credit Suisse, HSBC and Macquarie Capital. A 275 million U.S. dollar bridge...

  • Banks Scrap Allscripts TLB, Opt for TLA. Kellerhals, Richard // High Yield Report;8/2/2010, Vol. 21 Issue 31, p1 

    The article reports that arrangers of the 320 million U.S. dollar term loan A to finance Allscripts' merger with Eclipsys, have withdrawn plans to sell the 250 million U.S. dollar term loan B that was leftover.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics