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Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
More articles
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Waste Services has received a waiver from its senior lenders for non-compliance with certain financial covenants.
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Gossard is a portfolio manager responsible for $500 million in investment-grade fixed-income at Mesirow Financial in Chicago.
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Citigroup has jacked up the pricing on AM General's new credit facility after investors said they needed to be paid more to get comfortable with the deal's sponsors, specifically the Renco Group. -
Denny's Corp. has increased the size and decreased the spread on its proposed credit facility, while at the same time reducing a proposed bond offering.
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Mark Wirth, a former fixed-income portfolio manager at Northern Trust, has joined Freddie Mac in McLean, Va.
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LifePoint Hospitals has tapped Citigroup to lead the financing backing its $1.7 billion acquisition of Province Healthcare Co. because of Citi's strength in banking and strong healthcare group, according to Michael Culotta, LifePoint's senior v.p. and cfo.
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NDCHealth Corp. has amended its credit facility to avoid potential covenant violations after sales declined by 3% to $111 million for the last quarter and EBITDA margins fell to approximately 20% in the quarter from about 30% in most quarters over the past two years.
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Following a meeting of the Financial Accounting Standards Board (FASB), U.S. loan participations likely will continue to receive sales accounting treatment under amended FAS 140 so long as the transfer constitutes a true sale.
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BlueBay Asset Management has hired Anthony Robertson, senior v.p. and high-yield portfolio manager at Putnam Investments in London, as senior portfolio manager and co-head of high-yield.
