Weekly Trade Round Up
News that Beazer Homes is being investigated by the Federal Bureau of Investigation for possible mortgage fraud caused its debt to dip; The term loan "B" for Masonite International was bid as low as 97 Tuesday and was wrapped around 98 this afternoon, according to dealers and traders; and The $1.3 billion term loan for Hawker Beechcraft, formerly Raytheon Aircraft, broke for trading Tuesday around par 1/4-1/2 and traded up to par 3/8-5/8 where it settled by the end of the day, according to a dealer.
Beazer Debt Down On FBI Investigation
News that Beazer Homes
is being investigated by the Federal Bureau of Investigation
for possible mortgage fraud caused its debt to dip. Its 8.375% '12s were down 4 3/4 points to 96 1/2 and 8.625% '11 notes slipped 3 1/4 to 98 1/4
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