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  • Dura Automotive Systems' bank debt fell to 96 7/8 from close to par, where it was trading a week ago on concerns the value of the collateral backing the loans may not be as high as expected.
  • Acxiom's $600 million term loan and Foster Wheeler's $350 million credit facility broke in the secondary market last week.
  • Goldman Sachs and Credit Suisse are providing financing for the $175 million leveraged buyout of can maker Stolle Machinery by Littlejohn & Co. from American Industrial Partners.
  • Goldman Sachs last week hit the market with a $550 million credit facility for United Subcontractors to pay a $125 million dividend to its owners Wind Point Partners, and refinance the company's existing debt and cover related fees and expenses.
  • La Petite Academy brought in Credit Suisse to co-lead its new $215 million credit facility and the bank did a good job of attracting investors to its book, said Neil Dyment, cfo.
  • Spreads on loan-only credit default swaps tightened 10-50 basis points last week as a lack of familiarity and comfort with the product have more people selling than buying.
  • Lehman Brothers and Deutsche Bank last Thursday launched syndication of a $435 million senior secured credit facility for AlixPartners.
  • The Carlyle Group name may help guide the Wesco Aircraft financing through what might otherwise be a bumpy syndication, market players said.
  • Lyondell Chemicals has tapped JPMorgan, Bank of America, Citigroup and Morgan Stanley for a $2.575 billion deal.
  • Movie Gallery's bonds and bank debt fell on the announcement Apple Computer has launched a new movie service that may compete with the video rental store operator.
  • Royal Bank of Canada is in the market with a deal backing Open Text's $489 million purchase of Hummingbird, a global provider of enterprise software solutions.
  • William Archer, chief underwriting officer for global credit products in fixed income, currency and commodities at Goldman Sachs, has left the firm.