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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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GEO Specialty Chemicals is in discussions with its senior bank lenders and its equity sponsor Charter Oak Partners to obtain funds to cure a default after it failed to make the February interest payment on its $120 million subordinated notes.
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Lender demand has led to an increase in the size of The Goodyear Tire & Rubber Co.'s add-on term loan from $300 million to $650 million.
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Lehman Brothers and Bear Stearns have nabbed the lead roles on Pinnacle Entertainment's new $300 million credit facility, replacing Bank of America, which decided not to pitch to keep the business.
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Carmike Cinemas was able to get a spread of LIBOR plus 31/4% on its five-year, $100 million second-lien loan.
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Pricing was flexed down a further 25 basis points on the CIBC World Markets-led refinancing of Isle of Capri Black Hawk's $165 million term loan. -
Pricing is said to be LIBOR plus 7% for the $13 million second-lien piece on the credit backing Olympus Partners' acquisition of Homax Products from Harbour Group.
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Syndication is oversubscribed on The Goodyear Tire & Rubber Company's new $300 million term loan, which is being added to the company's existing $1.3 billion asset-based credit facility.
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Artie DeGaetano, head of the high-yield trading team and a partner at Bear Stearns, resigned a couple of weeks ago due to family health issues.
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Credit Suisse First Boston launched syndication last week for a $310 million recapitalization for Buffets.
