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  • Motor Coach Trades Up
    Bank debt for the off-the-run Motor Coach Industries traded in the mid 80s last week.
    February 06, 2004
  • robert-borchert.gif
    NDCHealth Targets Cost Reduction
    NDCHealth Corp. was able to go back to the loan market to secure better rates and greater flexibility on its $225 million credit facility.
    February 06, 2004
  • On The Move
    The following is a list of prominent personnel moves from around the U.S. and European markets. To submit an item for inclusion in this column, contact Scott Goodwin, managing editor, at 212-224-3276 or sgoodwin@iinews.com.
    February 06, 2004
  • Quality Distribution Dips With Disclosure
    The bank debt for tractor and trailer operator Quality Distribution slumped briefly last week after the company disclosed accounting irregularities at its Power Purchasing subsidiary.
    February 06, 2004
  • Satellite Co. Reaches New Heights
    Strong demand for paper pushed the $400 million "B/C" tranche of Inmarsat Ventures up to the 101 range.
    February 06, 2004
  • FTN Hires Corporate Salesman
    FTN Financial Group has hired Vernon Outlaw as an investment-grade corporate salesman. The role is a new one.
    February 06, 2004
  • General Re Auctions Loan Portfolio
    General Re-New England Asset Management was poised to sell off a portfolio of approximately $335 million in loans as LMW went to press last week.
    February 06, 2004
  • GEO Misses Bond Payment, Seeks New Funds
    GEO Specialty Chemicals is in discussions with its senior bank lenders and its equity sponsor Charter Oak Partners to obtain funds to cure a default after it failed to make the February interest payment on its $120 million subordinated notes.
    February 06, 2004
  • Goldman Completes Reprographics Redux
    American Reprographics Company has completed a new financing package via Goldman Sachs, its "preferred investment bank."
    February 06, 2004
  • Goodyear Pumps Up Senior Debt
    Lender demand has led to an increase in the size of The Goodyear Tire & Rubber Co.'s add-on term loan from $300 million to $650 million.
    February 06, 2004
  • High-Yield Roundup
    The high-yield market appears to have peaked, with prices dropping again last week, for the third consecutive week.
    February 06, 2004
  • HY Pulls On Ashtead
    The bank debt for Ashtead Group was quoted a couple points lower in the mid 90s range.
    February 06, 2004
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