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  • Credit Suisse First Boston is also leading a credit to finance the sale of Great Lakes Dredge Dock Corp. to private equity firm Madison Dearborn Partners for $340 million.
  • Bank of America and Wells Fargo Bank are in the market with a $250 million financing for Green Valley Ranch Gaming. The credit comprises a five-year, $100 million revolver and a seven-year, $150 million "B" loan, according to Glenn Christenson, executive v.p. and cfo of Station Casinos.
  • Four banks have launched syndication of a $250 million Canadian revolver and a $275 million "B" loan for Bain Capital's acquisition of Bombardier's recreational products business.
  • Credit Suisse First Boston is said to be offering Texas Pacific Group's newly formed Oregon Electric Utility Co. $1.15 billion in debt financing to back the $2.35 billion bid for Enron's Portland General Electric utility. Spokesmen for TPG and CSFB declined comment.
  • The tranche "A" bank debt for Edison Mission Midwest Holdings (EMMH) rolled up to the 99 range with more than $100 million changing hands after Edison Mission Energy (EME) revealed that it had received a commitment letter for a three-year, $700 million secured bridge loan to meet the bank debt maturity coming due on Dec. 11.
  • Ionics, a developer and manufacturer of systems and services for water treatment, has tapped UBS, Bank of America and Fleet Securities for $250 million in bank debt to back the acquisition of Ecolochem.
  • Credit Suisse First Boston reverse flexed pricing and added a delayed-draw $50 million term loan to the recently launched loan package for NUI Corp. and its operating unit NUI Utilities.
  • Credit Suisse First Boston has reverse flexed pricing and added a delayed-draw $50 million term loan to the recently launched loan package for NUI Corp. and its operating unit NUI Utilities.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.