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  • Defaults among sponsored companies can vary, Moody's Investors Service says in a new report.
  • The auction to cash settle credit default swaps referencing the defaulted bonds of Dura Operating Corp., which for the first time included single-name CDS, was successfully completed last week.
  • Dynea North America's credit facility backing its buyout by Teachers' Private Capital hit the market last Wednesday.
  • Freescale Semiconductor's $3.5 billion term loan broke at 100 3/8-5/8 in the secondary market last Tuesday.
  • Georgia-Pacific hit the market last week for $1.25 billion in add-ons to its existing credit.
  • General Motors Corp.'s term loan "B" broke in the secondary market at 100 3/8-5/8.
  • Greywolf Capital Management, the Purchase, N.Y.-based hedge fund, is preparing its first collateralized loan obligation.
  • Hillmark Capital Management is prepping its second collateralized loan obligation with the expectation of pricing it in the first quarter of 2007.
  • The syndication of two deals has been pushed back -- one because of pending acquisition approval.
  • Last Wednesday, West Gate Horizons closed its second collateralized loan obligation, a $350 million portfolio, Ocean Trails CLO I, led by UBS.
  • Freescale Semiconductor's $3.5 billion term loan broke at 100 3/8-5/8 in the secondary market on Tuesday. General Motors Corp.'s term loan "B" broke in the secondary market at 100 3/8-5/8 on Monday. Visteon Corp.'s $200 million add-on term loan broke at par on Tuesday.
  • The French house is offering a leveraged credit portfolio with an AAA-rated coupon which it is pitching as an improvement on constant proportion debt obligations.