Weekly Trade Round Up

05 Nov 2008

Alltel loans rose slightly Tuesday following the Federal Communications Commission’s approval of its acquisition by Verizon Wireless; two large bids wanted in competition traded well early this week, contributing to a generally stable market environment; and Georgia Gulf’s loans traded up slightly today to 80-82, after the chemical company reported earnings.

FCC Approval Boosts Alltel

Alltel loans rose slightly Tuesday following the Federal Communications Commission’s approval of its acquisition by Verizon Wireless. The wireless carrier’s term loan B2 was trading at 96 3/4 Tuesday afternoon, the B3 was trading at 97 1/4 – 97 1/2. The loans were trading around ...

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