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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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Ag Services of America, an Iowa-based farm products and loans provider, has 60-90 days to secure a credit facility to continue operations for the 2004 growing season after one of its banks pulled out of a $500 million credit facility at the last minute, said John Roth, cfo of Ag. If Ag is unable to secure a new credit line, it may be forced to liquidate. Ag is currently seeking a facility in the $250-300 million range, and is open to taking out both revolvers and term loans. "We are in discussions with a lot of financial institutions--some in the preliminary stages, others a little further along," said Roth, although he did not name the institutions.
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The $200 million credit for AMI Semiconductor was oversubscribed last week, according to a banker familiar with the deal. The credit is being done in conjunction with the planned initial public offering of common stock for the Pocatello, Idaho-based mixed signal products producer. Parent AMIS Holdings announced last month it had filed a registration statement with the Securities and Exchange Commission for the IPO. Credit Suisse First Boston and Goldman Sachs are leading the credit, which includes a five-year, $125 million "B" loan and a three-year, $75 million revolver. CSFB, Goldman and Lehman Brothers are underwriting the IPO. Lehman is also a documentation agent on the credit.