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  • Junk Salesmen Jilt Maxcor
    Two high yield salesmen have returned to R.W. Pressprich & Co. after a brief stint of less than one month at Maxcor Financial.
    April 16, 2004
  • Leap Wireless Climbs Further
    Leap Wireless International was once again living up to its name with the company's vendor-financing paper jumping three or four points to trade in the 95-96 range last week.
    April 16, 2004
  • LIBOR Plus
    Barry Bobrow has left Banc of America Securities to head Wachovia Securities' asset-based syndicate group. Bobrow was a managing director in syndicated finance at B of A.
    April 16, 2004
  • April 9 -- April 15
    April 16, 2004
  • Bedding Co. Sleeps Well; Domino's Plans IPO
    National Bedding Company (NBC) has reduced its leverage, improved coverage ratios and made progress in integrating Sleepmaster, after buying the mattress company out of bankruptcy last year.
    April 16, 2004
  • BNP Paribas Shops Maidenform
    BNP Paribas hit the market last Tuesday with a $180 million facility backing Ares Management's acquisition of Maidenform from Oaktree Capital Management.
    April 16, 2004
  • B of A Hires Nitka; Bliss Fills Vacancy
    Bank of America has scooped up Michael Nitka, a director and loan trader in Société Générale's SG Corporate & Investment Banking unit.
    April 16, 2004
  • Casino Co. Taps Trio To Lead Coast Merger
    Boyd Gaming Corp. has tapped Bank of America, CIBC World Markets and Wells Fargo Bank to lead the $1.5 billion bank facility backing its $1.3 billion merger with Coast Casinos.
    April 16, 2004
  • lmw85swerve.gif
    Citi Keeps Lapina; Strengthens Distressed
    Citigroup held on to bank loan trader Peter Lapina after an attempt by Goldman Sachs to lure Lapina to its own par loan trading operations.
    April 16, 2004
  • CKE Expands Credit, Retires Bonds
    CKE Restaurants is significantly expanding its credit facility to replace its notes with lower-cost debt.
    April 16, 2004
  • CoBank Tries Project Loan Sale
    CoBank approached the market last week with approximately $120 million worth of project-finance loans for sale, but floors set by the firm were too high for the paper to trade, explained loan traders.
    April 16, 2004
  • TTI Uses Credit To Pursue Three-Part Plan
    Transportation Technologies Industries (TTI) had three goals when the company went after a new $265 million credit: to refinance an expiring revolver, to take out term debt that had an increasing amortization schedule, and pay down a portion of subordinated debt that carried a 15% coupon, explained Donald Mueller, v.p., cfo and treasurer.
    April 16, 2004
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