Weekly Trade Round Up
The term loan for Aveta Holdings perked up today after the company posted monthly financial data, a trader said; The large number of new issuances in the bond market caused a large reprice Wednesday morning stealing anywhere from a 1/2 point to two points from credits across the board and A rough morning in the secondary market sank covenant-lite term loans for companies like Univision, Tribune and Freescale Semiconductor even lower.
Aveta Results Boost Troubled Term Loan
The term loan for Aveta Holdings
perked up today after the company posted monthly financial data, a trader said. The loan traded up to around 83 1/2 from the 80 context where it had been trading since mid-June. “It’s a lot stronger than
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