Friendly Bonds Jump With LBO Deal

A 101 change of control put for Friendly Ice Cream Corp. gave its bonds a boost last Monday after it announced Freeze Operations Holding Corp., an affiliate of Sun Capital Partners, will acquire it for about $337.2 million.

  • 22 Jun 2007
A 101 change of control put for Friendly Ice Cream Corp. gave its bonds a boost last Monday after it announced Freeze Operations Holding Corp., an affiliate of Sun Capital Partners, will acquire it for about $337.2 million. Its 8.375% '12 senior notes jumped 6 1/4 points to ...

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