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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
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Rent-A-Center is refinancing its credit facility to lower its cost-to-capital and get more favorable covenants.
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Silver Point Finance stepped in last week to resolve serious balance sheet issues for Salton, maker of the George Foreman grill.
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J.P. Morgan is shopping a repricing and retranching of media company Morris Communications Co.'s existing $225 million "B" loan.
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The following is a list of prominent personnel moves from around the U.S. and European markets.
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Pike Electric, the largest electrical contractor in the Eastern U.S., has drawn in $350 million for a planned $300 million "B" loan, which will fund the acquisition of a competitor.
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Syndication is set to launch tomorrow for a $185 million facility for Yonkers Raceway.
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Citibank is in the market with an amendment to cut the spread on FMC Corp.s $243 million B loan by 75 basis points to LIBOR plus 1 3/4%.
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Investors in bank loans are looking forward to a wave of leveraged buyouts that will bring paper to a market where demand has been outpacing supply for well over a year.