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  • Sensus Metering Systems is refinancing its $230 million "B" loan and will cut the spread by 50 basis points to LIBOR plus 3%.
  • Dobson Communications Corp.'s $550 million "B" loan softened to the 99 1/4-99 1/2 range from the 99 3/4 context.
  • Euro Disney's ¤48.3 million Phase B bank debt climbed almost 10 points and traded in the 94 1/2-96 1/2 range up from the 86 1/2-89 1/2 context.
  • Franklin Templeton Investments, New York Life Investment Management and Eaton Vance are using the rise in interest rates to tout their floating rate funds.
  • Bear Stearns landed the lead role on the financing backing Wellspring Capital Management's acquisition of International Mill Service from GSC Partners.
  • Bank debt levels for European coal stations are soaring as investors bet on electricity prices rising faster than coal prices.
  • The $215 million "B" loan for water-services provider Culligan International Co. broke last week in the mid-101 range and then traded in the 101 1/4-101 1/2 context.
  • Business improvements enabled Cinram International to amend its $1.175 billion credit facility to cut interest costs and modify financial covenants.
  • Concentra Operating Corp. will save $7.9 million annually as a result of an amendment to its $401 million credit facility and the redemption of its 13% senior subordinated notes.
  • Two senior fixed-income professionals have left the Clinton Group in New York.
  • Private equity firm Wind Point Partners will use $216 million in bank debt and $72 million in preferred equity to fund its $287 million acquisition of United Subcontractors, a Salt Lake City-based company that installs insulation.
  • China is unlikely to increase interest rate in near future.