Wyndham International's term loan "B" traded in the 96 ¼ to 96 ¾ context in trades totaling $10 million. Dealers say the softening levels are a result of a slowing lodging industry. United Defense's bank debt traded at 100.125, with dealers saying the defense industry is armed against economy swings.
In distressed news, there was a rumored auction today for Comdisco's bank debt. Levels were reported in the low 80s, but there was no final word of a sale. Players involved could not be determined. Level3 Communication's debt traded down slightly to 78-79 in two trades.