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  • Holding Steady Key For Patriot
    Any operating slippage could quickly result in covenant tightness for Patriot Media & Communications, which is wrapping up a $185 million bank facility.
    February 13, 2004
  • HSBC Hires Cantor Hand For Top Role
    HSBC Securities USA has hired Walter Travalja, previously of Cantor Fitzgerald, as a managing director and head of securities finance for North America.
    February 13, 2004
  • Ionics Flexes Down, Increases Revolver
    Pricing flexed down 25 basis points to LIBOR plus 23/4% on the $175 million "B" loan backing Ionics' acquisition of Ecolochem.
    February 13, 2004
  • On The Move
    The following is a list of prominent personnel moves from around the U.S. and European markets.
    February 13, 2004
  • Paribas May Add I-Grade Researchers
    BNP Paribas may add one to two junior-to mid-level investment-grade analysts to its corporate bond research team in New York.
    February 13, 2004
  • Primary Roundup
    February 13, 2004
  • Reliant Resources Softens
    Reliant Resources' bank loan was a touch weaker as market players in both the bank loan and bond markets pursued relative-value plays last week.
    February 13, 2004
  • TransWestern Recap Blows Out
    The $600 million recapitalization deal for TransWestern Publishing that hit the market last week is already full, according to investors.
    February 13, 2004
  • TRW Automotive Gets Upgrade; Outlook Changed On InSight
    Standard & Poor's has raised the ratings on TRW Automotive's $1.25 billion term loan debt and $500 million undrawn revolver from BB to BB+ with completion of the company's initial public offering and amended and restated credit facility.
    February 13, 2004
  • UBS Launches Builders, MultiPlan
    UBS and Bear Stearns last week launched syndication of a $405 million facility for JLL Partners' recapitalization of Builders FirstSource.
    February 13, 2004
  • Wachovia Leads Pantry Refi
    The Pantry has tapped Wachovia Securities to lead its $440 million bank debt refinancing.
    February 13, 2004
  • Workflow Sells Itself To Deal With Maturity
    Workflow Management sold itself after considering alternatives to address upcoming credit facility maturities.
    February 13, 2004
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