Adelphia Communications' was expecting the bidding process for its assets to end. [Time Warner and Comcast Corp. emerged as the definitive winner with a bid of $17.6 billion, after fending off a last minute charge by Cablevision Systems Corp.] The $350 million "B" loan for Intelsat filled up prior to a bank meeting despite some buyside concern that too much satellite paper was flooding the market. [In September, Intelsat and PanAmSat's debt dropped on news of a merger between the two companies.]
One Year Ago In The Credit Markets
