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Goldman Sachs and J.P. Morgan will launch syndication of a $450 million bank deal and $275 million of subordinated debt for GS Capital Partners 2000 in late June, backing the acquisition of Berry Plastics with a highly leveraged deal that is expected to test market appetite for the expected spate of leveraged buyouts in the works. Bankers said the debt package will comprise a total leverage multiple well over five times--an aggressive play for a plastics company.

UBS Warburg's deal for Herbalife has reportedly filled up without a price flex or structural enhancements, according to bankers. Many in the market had doubts concerning the credit, citing a list of factors including the lack of security, a lack of Food and Drug Administration approval on some Herbalife products and the tiered sales structure whereby commission is collected by those who recruit others to sell the company products. But investors also liked the 1.4 times senior secured leverage and the company's cash flow, said a banker. UBS officials declined comment.

Last week was quiet following the holiday, say traders. New issues continued to trade well. Tycoand Dynegywere among the weaker names. Here was other action through last Thursday.

Interstate Bakeries has added a new $100 million "C" term loan to its J.P. Morgan-led $800 million credit. The add-on was completed on a best-efforts basis with the institutional market picking up the exposure for the new paper. Paul Yarick, treasurer at the company, declined to name the institutions involved. "We had a pretty stable base of institutions that we have been dealing with and they seem to like our credit and we call them up when we are ready to do something," commented Frank Coffey, company senior v.p. and cfo.

When Amcor spent A$2.875 billion on assets of German company Schmalbach-Lubeca, it found itself with quick and hefty equity requirements. It set out hoping to raise some equity immediately, with deferred equity rights down the road – but the market was so keen on the story, Amcor got all it needed up front. By Chris Wright.

AriaWest and Telkom are close to resolving one of the most acrimonious corporate disputes in Indonesia's turbulent history. But it's not over yet; not until it is approved by a diverse group of lenders. Even if the deal does go through, the messages it sends about foreign investment in emerging markets ventures are worth heeding. By Chris Wright and Maggie Ford.

Following a year of disciplinary nightmares in Asia, CSFB appointed Paul Calello chairman and CEO for the region in March – the first time the continent has warranted a CEO position. His arrival is symptomatic of the way global CEO John Mack is trying to revamp the entire firm. Calello explains some of those changes to Chris Wright.

There were no fireworks in the Japanese securitization sector this year, but progress has been strong and steady, with a good range of deals. Fiona Haddock looks at some of the more innovative transactions.

This has been a tough year for corporate issuers in Australia's securitization sector – battling with ratings agencies, accountants and reams of paperwork in a post-Enron environment has been time consuming if nothing else. But however high the fees, securitization makes for cheaper funding at the end of the day and is without doubt worthwhile, concludes the panel of a roundtable discussion hosted in Sydney by Asiamoney's Fiona Haddock.

AriaWest and Telkom are close to resolving one of the most acrimonious corporate disputes in Indonesia's turbulent history. But it's not over yet; not until it is approved by a diverse group of lenders. Even if the deal does go through, the messages it sends about foreign investment in emerging markets ventures are worth heeding. By Chris Wright and Maggie Ford.

Following a year of disciplinary nightmares in Asia, CSFB appointed Paul Calello chairman and CEO for the region in March – the first time the continent has warranted a CEO position. His arrival is symptomatic of the way global CEO John Mack is trying to revamp the entire firm. Calello explains some of those changes to Chris Wright.

Standing room only for Petronas deal