TRW Moves Toward Par On Refi Possibility

TRW Automotive’s term loan “B” is being pushed up to par as the company seeks to refinance the debt. It traded up to 99 7/8-par in higher-volume trading this week, its bid climbing from 99 1/4, indicating investors think the company’s proposed refinancing will go as planned, said one analyst.

  • 17 Dec 2009

--Katherine Greene

TRW Automotive’s term loan “B” is being pushed up to par as the company seeks to refinance the debt. It traded up to 99 7/8-par in higher-volume trading this week, its bid climbing from 99 1/4, indicating investors think the company’s proposed refinancing will go as planned, ...

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