Bankers said roughly $200 million in commitments came in at the bank meeting last week for Deutsche Bank, Bank of America, and Credit Suisse First Boston's fully underwritten $700 million deal for U.S. Industries.Royal Bank of Scotland and Bank of Nova Scotia have reportedly signed on as documentation agents on the deal. Buysiders said they were not surprised that the $275 million "B" tranche did well early on as they consider it a strong credit. But one noted that the company's possible vulnerability to economic cycles may slow the sale of the outdoor furniture manufacturer's credit.
Trio Collects $200 Mln For U.S. Industries Deal