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  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • --Howard Tiffen, senior portfolio manager in Van Kampen's Senior Loan Division, noting that investors should not let down their guard.
  • Get me a gong! At The Loan Syndications and Trading Association conference last week, several loan pros demonstrated that they were not only financial mavens, but comedians as well.
  • This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.
  • Arkansas Best Corp. has changed the pricing on its $225 million credit to give a bit more juice to its bank group, led by long-time lender Wells Fargo Bank.
  • The $1.1 billion "B" loan for Nalco Co. was upsized to $1.3 billion last week, but pricing was also trimmed 25 basis points from LIBOR plus 23?4%.
  • Playtex Products' bank debt sagged about a point last week after Standard & Poor's downgraded the company's senior secured bank loan rating to B from B+.
  • Pulte Homes has increased its credit line, including up to $500 million of letters of credit issuing capability.
  • * "A decade ago we were referred to as non-traditional investors."--Anthony Clemente, head of the bank loan group at INVESCO, commenting on how strange it is to be considered the traditional guys compared to the newer hedge fund investors.
  • The bank debt for Werner Holding Co. continued to languish in the 92-95 range last week after the company disclosed that its largest customer, Home Depot, has informed the company it will purchase its aluminum and fiberglass stepladders directly from China.