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One Year Ago In The Credit Markets

A hedge fund looking to own a stake in Eddie Bauer bought a $21 million piece of bank debt of Eddie Bauer's former parent company, The Spiegel Group.

A hedge fund looking to own a stake in Eddie Bauer bought a $21 million piece of bank debt of Eddie Bauer's former parent company, The Spiegel Group. The bid was between 90- 90 1/2 after the name climbed from 85-88 during the previous week. [In January, the outdoor apparel manufacturer discovered errors in its financial statements filed with The Securities and Exchange Commission and was forced to withdraw its registration.]

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