BNP Paribas is holding a bank meeting this week for a $140 million facility for Cayman-domiciled Skill Holdings. The facility comprises a $20 million revolver and $120 million "B" loan. Price talk is LIBOR plus 31/2%. Skill makes foam picnic coolers and model trains out of Hong Kong. BNP bankers declined comment. One buysider said some collateralized loan obligations will not be able to invest in the credit because of the country's sovereign rating. The Cayman Islands does not have a rating from Standard & Poor's, while Moody's Investors Service's Aa3 rating is not high enough for some CLOs, he said. A banker responded that he does not expect this to exclude most funds.