Weekly Trade Round Up
Intelsat’s debt got knocked around yesterday after reports surfaced the satellite company was being put on the auction block by its current private equity owners; A healthy day in the secondary market helped boost Carestream Health’s new term loan “B” slightly higher last week; Rumors in a Women’s Wear Daily article that upscale department store Neiman Marcus may be planning an initial public offering gave a small boost to its bonds last Monday.
Intelsat Sale News Knocks DebtIntelsat
’s debt got knocked around yesterday after reports surfaced the satellite company was being put on the auction block by its current private equity owners. A dealer noted the term loan “B” was trading down about a half-a-point at par 1/2-101, while its unsecured
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