Latest news
Latest news
Gramazio becomes a managing director after working at the rating agency since 2020
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
More articles
More articles
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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. -
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.
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Ricciardi joined Merrill early last year from Credit Suisse First Boston. He is a managing director and head of the global structured credit products group.
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CONMED Corp. recently returned to the market to decrease the pricing on its $260 million term loan by 50 basis points.
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Adelphia Communications Corp.'s bank debt may have burned a vast swath of investors over the last few years, but an army of banks and loan investors will be asked to come back for more to finance a potential $8 billion exit financing.
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SunTrust also came to market last week with a $195 million facility for Golden State Foods.
