TITLE

Issuers Pull Deals in the Wake of Overseas Crises

AUTHOR(S)
Kellerhals, Richard; Sheahan, Matthew
PUB. DATE
March 2011
SOURCE
High Yield Report;3/21/2011, Vol. 22 Issue 12, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article deals with the move of several U.S. issuers to pull out their investments and repricing deals as the global economic conditions weaken in 2011. It says that U.S. companies Chemtura, MedAssets and Toys 'R' Us had decided to pull their refinancing loans from the loan market, which decreased the size of the entire sector by at least 6 billion U.S. dollars. Swift Transportation and Advantage Sales & Marketing also pulled their loans amounting to 1.225 billion U.S. dollars.
ACCESSION #
69585279

 

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