LPS Breaks For Trading

26 Jun 2008

Lender Processing Services' term loan "B" broke for trading last Thursday at its 99 original issue discount.

Lender Processing Services' term loan "B" broke for trading last Thursday at its 99 original issue discount. The JPMorgan-led "B" loan traded at 99 3/4 ­ 99 shortly before noon. "It was trading well upon the break and was wrapped around par," said a trader. The $1.725 billion ...

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