Collins & Aikman's debt continued to rise, this time on news of interest in the company by Lear Corp. and speculation Wilbur Ross & Co. had been accumulating a position. C&A's "B" loan was up to 87.35-88.80 from 83.15-84.80 the week before. [Its bank debt and bonds continue to fall due to concern its asset sales will generate lower than expected proceeds. Its 10 3/4 '11 bonds fell to 10. It's term loan "B" dropped to 55-57 (See related story, page 1).]
One Year Ago In The Credit Markets
