One Year Ago In The Credit Markets

February 16, 2007 12:00 am

Calpine's $2 billion debtor-in-possession financing broke and the "B" tranche shot up to 101 1/8 while the second lien rose to 103.

Calpine's $2 billion debtor-in-possession financing broke and the "B" tranche shot up to 101 1/8 while the second lien rose to 103. [The term loan "B" was trading between 100.375-100.875 and the second lien was at 100.925-101.675 last Thursday, according to Markit.]

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