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  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • More and more bankers may be leaving the rough-and-tumble world of Wall Street, but few can match Alan Goehring's achievements since leaving Credit Suisse First Boston a couple of years ago. The one-time distressed debt securities analyst recently took home $1,011,886 in the championship event of the World Poker Tour to become the top player, according to Poker Mag, a Website for poker fans. Goehring, an aggressive player who wears sunglasses during games, says he does not care about making the money, just winning. He also noted that his work experience has helped him in poker because in the final analysis, both are about taking advantage of favorable risk-reward opportunities.
  • This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.
  • Citigroup's role as lead agent for Mirant lenders in a $5.3 billion debt restructuring could be clouded by a potential conflict of interest, according to two financiers involved in the deal. The issue, they say, is if the Atlanta-based IPP is forced by Citi and other lenders to file for Chapter 11 bankruptcy protection, the financial services behemoth would be released from making a $344 million payment in an unrelated complex convertible debenture transaction.
  • Pacer International has recently tapped the bank loan market for a new $330 million credit. This will enable the company to redeem $150 million of 113/4% senior subordinated notes that are set to expire in 2007, said Lawrence Yarberry, executive v.p. and cfo of Pacer. The timing of the deal was based on the current low interest-rate environment as well as the notes becoming callable on June 1, he added. The notes were originally issued in May 1999.