Bank Loan Report articles from February 2002

Bank Loan Report archives from February 2002

More Distressed Situations on the Way? Ask the Experts.(Brief Article)
February 4, 2002... You've seen the default statistics, but you want more evidence that loads of distressed investment opportunities are coming down the pike? Just ask the firms that specialize in helping those companies that get into trouble. "There have...

IIF's Cautious Optimism on Capital Flows.(Institute of International Finance)(Statistical Data Included)
February 4, 2002... Last year was the most challenging for global emerging markets since the end of the debt crisis in the early 1990s, and net private capital flows into the asset class declined to their lowest level in a decade. Such were the findings of the...

Better Days Ahead for Lodging.(U.S.)(Statistical Data Included)
February 4, 2002... Now nearly five months removed from the events of September 11, lodging analysts are taking another look at the sector to see if travel trends set in motion by the US recession and accelerated by the terrorist attacks are changing. What they've...

McLeodUSA Secures Exit Commitment From Three Banks.(JP Morgan, Bank of America and Citibank)(Brief Article)(Statistical Data Included)
February 4, 2002... McLeodUSA last week secured the support of a committee of its senior bondholders to recapitalize the company under a pre-negotiated Chapter 11 filing. McLeodUSA, one of the largest competitive local exchange carriers in the US, also secured a...

Global Crossing Falls Into Chapter 11.(Brief Article)(Statistical Data Included)
February 4, 2002... Another migraine-sized headache for the loan market. Global Crossing, which spent $15 billion to pursue its plan to build an undersea global telecommunications network, filed for Chapter 11 bankruptcy protection from its creditors last week,...

Level 3 Warns of Covenant Issues.(Level 3 Communications)(Brief Article)(Statistical Data Included)
February 4, 2002... More struggles could be around the corner for JP Morgan, Citigroup and other banks that lent to the telecom industry. Level 3 Communications warned last week that it may breach covenants on its existing credit facilities by the middle of this...

Crown Cork & Seal Gets Extension.(Crown Cork & Seal Co. receives loan extension from group led by JP Morgan)(Brief Article)(Statistical Data Included)
February 4, 2002... Philadelphia's Crown Cork & Seal Co. last week negotiated a six-month extension to a term loan set to mature on February 4. Its bank group, led by JP Morgan, agreed to give the company until August 4 to repay $225 million that was due under the...

More Bad News On Defaults.(January, 2002 statistics)(Brief Article)(Statistical Data Included)
February 4, 2002... Standard & Poor's last Thursday reported default statistics for the month of January, and they weren't all that encouraging. According to the rating agency, 41 issuers defaulted on $31.3 billion worth of debt, a record for the number of...

Graphic Packaging Doing Loan, Bond.(Graphic Packaging International Corp. refinances debt)(Brief Article)(Statistical Data Included)
February 4, 2002... Graphic Packaging International Corp. is refinancing bank debt with proceeds from a new $250 million offering of senior subordinated notes due 2021 and a new $450 million senior secured credit facility. Credit Suisse First Boston and Morgan...

PNC Appears To Be A One-Off.(PNC Financial Corp., off-balance sheet structure)(Brief Article)
February 4, 2002... While several banks were shown the off-balance sheet structure created by PNC Financial to hold distressed credits, it appears as if no other institution pursued the structure, according to participants in a conference call sponsored by Goldman...

Countrywide Home Loans Inc.(receives $3,765 million loan)(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Calabasas, CA PACKAGE AMOUNT: $3,765 mil. ADMINISTRATIVE AGENT: BankAmerica; JP Morgan SYNDICATION AGENT: BANK ONE Corp; Deutsche Bank AG DOCUMENTATION AGENT: Bank of New York BOOKRUNNER: BankAmerica Corp; JP...

FMC Corp.(receives $240 million loan)(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Chicago, IL PACKAGE AMOUNT: $240 mil. AMOUNT: $240 mil. ADMINISTRATIVE AGENT: Citibank NA SYNDICATION AGENT: BankAmerica DOCUMENTATION AGENT: ABN AMRO; Wachovia Bank NA BOOKRUNNER: Citibank NA; BankAmerica...

CSK Auto Inc. (CSK Auto Corp).(receives $300 million loan)(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Phoenix, AZ PACKAGE AMOUNT: $300 mil. ADMINISTRATIVE AGENT: JP Morgan Chase & Co SYNDICATION AGENT: Credit Suisse First Boston DOCUMENTATION AGENT: UBS AG BOOKRUNNER: JP Morgan Chase & Co; Credit Suisse First...

Robbins & Myers Inc.(receives $200 million loan)(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Dayton, OH PACKAGE AMOUNT: $200 mil. AMOUNT: $200 mil. ADMINISTRATIVE AGENT: BANK ONE Corp SYNDICATION AGENT: Harris Bankcorp Inc; National City Bank; Wachovia Bank NA DOCUMENTATION AGENT: Scotiabank-Bank of...

3Com Corp.(receives $195 million loan)(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Santa Clara, CA PACKAGE AMOUNT: $195 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: Foothill Capital Corp BOOKRUNNER: BankAmerica Corp OTHER LENDERS: General Electric Capital Corp; Congress Financial...

T-3 Energy Services Inc.(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Houston, TX PACKAGE AMOUNT: $58 mil. ADMINISTRATIVE AGENT: Wells Fargo Bank NA SYNDICATION AGENT: GECC Capital Markets Group BOOKRUNNER: Wells Fargo Bank NA; GECC Capital Markets Group, Inc. OTHER LENDERS: Wells...

KMC Telecom Inc.(Brief Article)(Statistical Data Included)
February 4, 2002... LOCATION: Bedminster, NJ PACKAGE AMOUNT: $700 mil. ADMINISTRATIVE AGENT: First Union National Bancorp SYNDICATION AGENT: Canadian Imperial Bk Commerce DOCUMENTATION AGENT: General Electric Credit Corp BOOKRUNNER: First...

USP Domestic Holdings Inc.
February 4, 2002... LOCATION: New York, NY PACKAGE AMOUNT: $100 mil. AMOUNT: $100 mil. ADMINISTRATIVE AGENT: Credit Suisse First Boston SYNDICATION AGENT: Lehman Commercial Paper Inc DOCUMENTATION AGENT: Societe Generale BOOKRUNNER:...

US, European Pipelines Stocked.
February 4, 2002... US primary market issuance continued at a strong pace last week, as five issuers lined up to sell deals. In Europe, meanwhile, the pipeline of upcoming deals continued to firm up, with four corporates now on the forward calendar. US ...

Slowly, Banks Lose Immunity to Fallen Angels.(increase in number of corporate bank credits whose rating falls from investment grade to non-investment grade)(Statistical Data Included)
February 11, 2002... Although both market observers and regulators thus far are in agreement that the increasing number of fallen angels has had little impact on banks' ability to lend, this could change going forward The number of fallen angels, or corporate...

Exchange Offers Aren't Always Sweet.(bondholder relations)(Brief Article)(Statistical Data Included)
February 11, 2002... In order to avoid bankruptcy, some issuers that are close to the brink are trying to renegotiate the terms on their bonds through exchange offers. But bondholders are not necessarily happy with these deals, sources say, and often feel they are...

Fitch To Rate CDO Managers.(collateralized debt obligation asset managers)(Brief Article)
February 11, 2002... As the collateralized debt obligation (CDO) market has grown, and investors have shown increasing interest in it, they have also been placing an increasing amount of emphasis on the asset managers themselves. Who these individuals are, the...

SCE To Launch $1.5 Billion Loan This Week Via JP Morgan, Citibank/SSB.(Southern California Edison )(Brief Article)(Statistical Data Included)
February 11, 2002... JP Morgan and Citibank/SSB will launch syndication of a $1.5 billion loan for Southern California Edison (SCE) this week. The facility is split between a $600 million term loan B, priced at 300 basis points over Libor and a $900 million...

CA Shelves Plans After Downgrade Warning.(Computer Associates cancels backstop financing plans)(Brief Article)
February 11, 2002... Computer Associates (CA), which was set to hold a bank meeting for a $1.5 billion CP backstop financing, canceled those plans last week following a warning by Moody's Investors Service that it might downgrade the company. CA also called of...

TSI's OID Increased... Again.(Lehman Brothers increases original issue discount)(Brief Article)(Statistical Data Included)
February 11, 2002... Early last week, Lehman Brothers increased the original issue discount (OID) on the LBO for telecommunications company TSI, a deal that has been in the market for a while, but proved to be a tough sell. The discount offered on the deal was...

UBS Hires Two For Industrial Group.(UBS Warburg, Matthew Gourlay and Karl Knapp appointments)(Brief Article)
February 11, 2002... UBS Warburg last week announced the addition of Matthew Gourlay and Karl Knapp to its industrial corporate finance group. Both have joined as managing directors. Gourlay, who will cover leveraged finance for industrial companies,...

New CDO Product to Spur Trading.(DM Partners and FCS partner to launch web-based analytics platform)(Brief Article)
February 11, 2002... DM Partners and FCS, leading suppliers of analytics to approximately 50 CLO collateral managers, have partnered to launch a Web-based analytics platform, the latest in a steady trickle of new products competing for investors' favor, as market...

LORAL SATELLITE INC.(receives package loan; administrative agent, BankAmerica)(Brief Article)(Illustration)(Statistical Data Included)
February 11, 2002... LOCATION: New York, NY PACKAGE AMOUNT: $500 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: Credit Lyonnais DOCUMENTATION AGENT: Lehman Commercial Paper Inc BOOKRUNNER: BankAmerica Corp OTHER LENDERS:...

International Multifoods Corp.(receives package loan; admininstrative agent, Canadian Imperial Bk Commerce)(Brief Article)(Statistical Data Included)(Illustration)
February 11, 2002... LOCATION: Wayzata, MN PACKAGE AMOUNT: $365 mil. ADMINISTRATIVE AGENT: Canadian Imperial Bk Commerce SYNDICATION AGENT: US Bank NA; UBS Warburg LLC DOCUMENTATION AGENT: Rabobank International BOOKRUNNER: Canadian Imperial...

Seminis Inc(Savia SA de CV).(receives package loan; administrative agent, Harris Trust and Savings)(Brief Article)(Illustration)(Statistical Data Included)
February 11, 2002... LOCATION: Oxnard, CA PACKAGE AMOUNT: $334 mil. ADMINISTRATIVE AGENT: Harris Trust & Savings BOOKRUNNER: Harris Trust & Savings Bank OTHER LENDERS: Credit Agricole Indosuez; BankAmerica; Scotiabank-Bank of Nova Scotia; Comerica...

Van Kampen Merritt Prime Rate.(receives package loan; administrative agent, BankAmerica)(Brief Article)(Statistical Data Included)
February 11, 2002... LOCATION: Lisle, IL PACKAGE AMOUNT: $500 mil. AMOUNT: $500 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: Commerzbank AG DOCUMENTATION AGENT: Bank of New York BOOKRUNNER: BankAmerica Corp OTHER...

Eaton Vance Management.(receives package loan; administrative agent, JP Morgan)(Brief Article)(Statistical Data Included)
February 11, 2002... LOCATION: Boston, MA PACKAGE AMOUNT: $170 mil. AMOUNT: $170 mil. ADMINISTRATIVE AGENT: JP Morgan SYNDICATION AGENT: Citibank NA DOCUMENTATION AGENT: Credit Suisse First Boston; Fleet National Bank; UBS AG BOOKRUNNER:...

Chart Industries Inc.(receives package loan; administrative agent, Chase Manhattan Bank N.A.)(Brief Article)(Statistical Data Included)
February 11, 2002... LOCATION: Eastlake, OH PACKAGE AMOUNT: $308 mil. ADMINISTRATIVE AGENT: Chase Manhattan Bank NA DOCUMENTATION AGENT: National City Bank BOOKRUNNER: Chase Manhattan Bank NA CO-AGENT: NBD OTHER LENDERS: US Bancorp;...

Charter Communications.(receives package loan; JP Morgan and BankAmerica serve as administrative agents)(Brief Article)(Statistical Data Included)
February 11, 2002... LOCATION: St Louis, MO PACKAGE AMOUNT: $5,300 mil. ADMINISTRATIVE AGENT: JP Morgan; BankAmerica SYNDICATION AGENT: Toronto Dominion Sec. DOCUMENTATION AGENT: Fleet National Bank; Credit Lyonnais BOOKRUNNER: JP Morgan & Co...

Charter Communications VIII.($1,603 million loan)(Illustration)(Statistical Data Included)
February 11, 2002... LOCATION: Miami, FL PACKAGE AMOUNT: $1,603 mil. ADMINISTRATIVE AGENT: Toronto Dominion Sec. SYNDICATION AGENT: JP Morgan DOCUMENTATION AGENT: US Bank NA; Scotiabank-Bank of Nova Scotia; Bank of New York BOOKRUNNER:...

Russia: Are the Babushkas Really Back?(Russian market getting back on track)(Brief Article)
February 11, 2002... The babushkas are back in. That's according to Igor Kostikov, chairman of the Russian Federal Commission for the Securities Market (FCSM), and he says it's a sure sign that the Russian market is on track again. The increased confidence...

US Well Stocked, But Quiet as Few Deals Price.(TSI Telecommunications; CG Geophysique)(Brief Article)(Statistical Data Included)
February 11, 2002... While the US primary market is stocked with deals, only four deals were scheduled to price last week. Only two had priced by press time. US TSI Finally Prices After a very sluggish start, TSI Telecommunications finally priced its...

Lender Taking JP Morgan, Citigroup to Court Over Enron.(Unicredito Italiano says JP Morgan Chase and Citigroup should have warned it about Enron's impending failure)(Brief Article)
February 18, 2002... One of the banks involved in Enron Corp.'s loan syndicate is alleging that the broad relationships its two agent banks had with the company gave them insider knowledge about the energy company's impending demise which they fraudulently...

Finding Yield in Closed-End Funds.(Brief Article)
February 18, 2002... Closed-end high yield funds are trading at record premiums in a year when companies such as Global Crossing are filing for bankruptcy protection and credit deterioration remains the focal point of many investors' buying decisions. So what...

HY Convertibles Coming Back in 2002.(high yield conertible securities)(Brief Article)(Industry Overview)
February 18, 2002... Last year was a bumper year for global convertibles issuance, in large part thanks to investment-grade companies that used the market to raise inexpensive capital to pay off debt. This year, convertibles from high yield issuers are likely to...

Kaiser Aluminum Files Chapter 11, Gets $300 Million DIP from BOA.(debtor-in-possession loan)(Bank of America)(Brief Article)(Statistical Data Included)
February 18, 2002... It had been anticipated for a long time, and last week, it finally happened: Kaiser Aluminum declared bankruptcy. The company has been under duress, in large part due to the weak prices of aluminum and the general economic slowdown. Kaiser...

Calpine Closes With Only Seven.(seven lenders to provide $1 billion loan)(Brief Article)
February 18, 2002... A $1 billion loan for Calpine, which has been traveling around the market for a couple of months now, was finally set to close last week - with only seven banks in the syndicate, five of which are the lead arrangers themselves. The deal...

C&S Refinances with $300 Million.(C&S Wholesale Grocers)(Brief Article)
February 18, 2002... Bank of Montreal last week launched a $300 million loan for C&S Wholesale Grocers. The loan has a three-year maturity and is priced at 150 basis points over Libor. It should close in about a month, and in syndication, the company will be...

JPM, CSFB Will Lend Hercules $400M.(JP Morgan and Credit Suisse First Boston)(Brief Article)
February 18, 2002... Hercules, a specialty chemical company, is looking to borrow $400 million via JP Morgan and Credit Suisse First Boston. The company, which has suffered from the weakening economy and less demand for its products, last came to the markets in...

Fitch: 2002 Looks Bad for Defaults.(Fitch predicts bond defaults of $30 billion in 1st-quarter 2002)(Brief Article)
February 18, 2002... The last word on corporate defaults has not yet been said. Last week, Fitch said it expects default volume to top out at a whopping $30 billion in the first quarter of 2002, exceeding the $22.2 billion recorded in the first quarter of 2001....

Haverty Furniture Wants $110M.($110 million)(Brief Article)(Statistical Data Included)
February 18, 2002... Haverty Furniture, a company that sells brand-name home furnishings, is looking to borrow $100 million in the syndicated loan market. The company will hold a bank meeting on Feb. 27 to launch general syndication of the loan, which is being led...

LSTA/LMA Launch Glossary of Terms.(Loan Syndications and Trading Association and Loan Market Association)(Brief Article)
February 18, 2002... The Loan Syndications and Trading Association (LSTA) and the Loan Market Association (LMA) have teamed up to launch a Glossary of Terms for Transfers of Interest in Loans that will enable market participants to understand the legal terminology...

Wheeling Island Gaming.(issues bonds)(Brief Article)
February 18, 2002... LOCATION: Wheeling, WV PACKAGE AMOUNT: $40 mil. AMOUNT: $40 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: Wells Fargo Bank NA BOOKRUNNER: BankAmerica Corp OTHER LENDERS: Wesbanco Bank TYPE: Rev Cred...

Energy Partners Ltd.(gets $100 million loan)(Brief Article)
February 18, 2002... LOCATION: New Orleans, LA PACKAGE AMOUNT: $100 mil. AMOUNT: $100 mil. ADMINISTRATIVE AGENT: BANK ONE Corp SYNDICATION AGENT: JP Morgan DOCUMENTATION AGENT: BNP Paribas SA BOOKRUNNER: BANK ONE Corp OTHER LENDERS:...

Wyndham International Inc.(issues bonds)(Brief Article)
February 18, 2002... LOCATION: Dallas, TX PACKAGE AMOUNT: $1,800 mil. ADMINISTRATIVE AGENT: JP Morgan Chase & Co SYNDICATION AGENT: Bankers Trust Co; BankAmerica DOCUMENTATION AGENT: Bear Stearns Corporate Lending; Credit Lyonnais BOOKRUNNER:...

America West Airlines Inc.(gets loan)(Brief Article)
February 18, 2002... LOCATION: Phoenix, AZ PACKAGE AMOUNT: $90 mil. AMOUNT: $90 mil. SYNDICATION AGENT: Citicorp USA Inc DOCUMENTATION AGENT: Bankers Trust Co BOOKRUNNER: Industrial Bank of Japan Ltd; Salomon Smith Barney OTHER LENDERS:...

Mohegan, Graphics Rustle US.(Mohegan Tribal Gaming Authority and Graphic Packaging are among bond issuers)(Brief Article)
February 18, 2002... The US primary market was quiet last week, largely as a result of three industry conferences, organized by Morgan Stanley, Wachovia and Deutsche Banc Alex. Brown. Six deals were scheduled to price during the course of the week. Issuance...

Banks Rely on Credit Derivs to Hedge Loans, But Regionals Lag.(regional banks, financial management strategy)(Industry Overview)(Statistical Data Included)
February 25, 2002... As the list of companies facing accounting and financial problems lengthens, banks' use of credit derivatives to hedge their exposures is growing. But some hurdles remain for regional banks looking to use the instruments to manage their credit...

Don't Blame Enron for Energy Sector's Woes.(bankruptcies and deregulation influences investment in utilities industy)(Brief Article)
February 25, 2002... The effects of Enron's bankruptcy are far reaching, but analysts aren't ready to blame continued problems in the utility sector on the energy trading giant's meltdown. Moreso, the blame lies squarely with some companies' inability to adapt...

Following the Flows: EM Funds Up.(emerging market debt funds)(Brief Article)(Statistical Data Included)
February 25, 2002... The high-profile bankruptcies of Enron, Kmart and Global Crossing have dealt a blow to fixed income funds, and high yield has been hard-hit this month. Over the past four weeks, junk bond funds have seen outflows on the order of $596...

After Ratings Downgrade, Gap Enters Different World.(Brief Article)(Statistical Data Included)
February 25, 2002... It's a whole different world for the Gap. The clothes retailer, which was recently downgraded to junk status, is going to have to pay a hefty price for a new $1.3 billion loan that JP Morgan, Citibank/SSB, Bank of America and HSBC are...

SC Johnson Wax Loan To Launch.(Brief Article)(Statistical Data Included)
February 25, 2002... Citibank/SSB and Goldman Sachs are set to launch a $1.3 billion loan for SC Johnson Wax, a transaction that has been in the works for some months now. The deal, which is split between a $650 million term loan B and a $650 million pro rata...

DBAB Will Lead Williams Refi.(Deutsche Banc Alex. Brown to lead Williams Scotsman loan)(Brief Article)(Statistical Data Included)
February 25, 2002... Deutsche Banc Alex. Brown will lead a $700 million asset-based loan for Williams Scotsman, a temporary space leasing company. The loan comes on the heels of a bond issue. last month, Williams issued a $150 million add-on to the $400 million...

Galey & Lord Gets $100M DIP.(declares Chapter 11, receives Wachovia loan)(Brief Article)(Statistical Data Included)
February 25, 2002... Galey & Lord, a fabric manufacturer from North Carolina and the main provider of fabric to Levi Strauss & Co., last week declared Chapter 11 and secured a $100 million DIP loan from Wachovia. The company hopes to restructure its debt with...

CSFB Names I-Banking Heads.(Credit Suisse First Boston, Tony James and Adebayo Ogunlesi appointments)(Brief Article)
February 25, 2002... Credit Suisse First Boston last week named Tony James as chairman of global investment banking and private equity and Adebayo Ogunlesi as head of global investment banking. James, who joined CSFB when it merged with Donaldson, Lufkin &...

CIBC Launches Balance-Sheet CLO.(Brief Article)(Statistical Data Included)
February 25, 2002... CIBC is preparing to launch a $1 billion balance-sheet synthetic CLO, the second transaction of this kind, within the next couple of weeks. The bank is seeking regulatory capital relief. According to sources, CIBC has several more such...

Eldorado Resorts LLC.(receives package loan, BankAmerica serves as administrative agent)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Reno, NV PACKAGE AMOUNT: $40 mil. AMOUNT: $40 mil. ADMINISTRATIVE AGENT: BankAmerica BOOKRUNNER: BankAmerica Corp OTHER LENDERS: US Bank NA; Wells Fargo Bank NA TYPE: Rev Cred Fac PURPOSE: Refin/Ret...

C-COR.net Corp.(receives package loan, Mellon Bank N.A. serves as bookrunner)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: State College, PA PACKAGE AMOUNT: $73 mil. BOOKRUNNER: Mellon Bank NA OTHER LENDERS: First Union National Bancorp; PNC Bank NA PURPOSE: General Corp. Purp. ACTIVE: 06/05/01 BUSINESS: Manufacture network...

Collins & Aikman Products Co.(receives package loan, J.P. Morgan serves as administrative agent)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Charlotte, NC PACKAGE AMOUNT: $500 mil. ADMINISTRATIVE AGENT: JP Morgan SYNDICATION AGENT: Credit Suisse First Boston DOCUMENTATION AGENT: Deutsche Bank AG; Merrill Lynch & Co Inc BOOKRUNNER: JP Morgan & Co Inc;...

Briggs & Stratton Corp.(receives package loan, Bankamerica serves as administrative agent)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Wauwatosa, WI PACKAGE AMOUNT: $300 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: Firstar Bank NA; M&I Marshall & Ilsley Bank DOCUMENTATION AGENT: LaSalle National Bank BOOKRUNNER: BankAmerica Corp...

Medical Staffing Network Inc.(receives package loan, BankAmerica serves as administrative agent)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Coral Springs, FL PACKAGE AMOUNT: $120 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: LaSalle National Bank DOCUMENTATION AGENT: Antares Capital Corp; General Electric Capital Corp; Barclays Bank PLC ...

DR Horton Inc.(receives package loan, BankAmerica serves as administrative agent)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Arlington, TX PACKAGE AMOUNT: $775 mil. AMOUNT: $775 mil. ADMINISTRATIVE AGENT: BankAmerica SYNDICATION AGENT: Fleet National Bank; Credit Lyonnais SA DOCUMENTATION AGENT: Citicorp Real Estate Inc; Wachovia Bank...

IPC Acquisition Corp.(receives loan, Bank of Nova Scotia, Goldman Sachs and Co., Scotiabank)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: New York, NY PACKAGE AMOUNT: $120 mil. ADMINISTRATIVE AGENT: Scotiabank-Bank of Nova Scotia SYNDICATION AGENT: Goldman Sachs Credit Partners DOCUMENTATION AGENT: General Electric Capital Corp BOOKRUNNER: Goldman...

C-COR.net Corp.(receives loan, Mellon Bank N.A.)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: State College, PA PACKAGE AMOUNT: $73 mil. BOOKRUNNER: Mellon Bank NA OTHER LENDERS: First Union National Bancorp; PNC Bank NA TYPE: RC/TL/LOC ACTIVE: 11/29/01 BUSINESS: Manufacture network transmission...

Eldorado Resorts LLC.(receives loan, BankAmerica Corp.)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Reno, NV PACKAGE AMOUNT: $40 mil. AMOUNT: $40 mil. ADMINISTRATIVE AGENT: BankAmerica BOOKRUNNER: BankAmerica Corp OTHER LENDERS: US Bank NA; Wells Fargo Bank NA TYPE: Rev Cred Fac PURPOSE: Refin/Ret...

Washington Group International.(receives loan, Creidt Suisse First Boston, Ableco Finance L.L.C.)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Boise, ID PACKAGE AMOUNT: $350 mil. ADMINISTRATIVE AGENT: Credit Suisse First Boston DOCUMENTATION AGENT: Ableco Finance LLC BOOKRUNNER: Credit Suisse First Boston Corp OTHER LENDERS: Banco Espirito Santo ;...

Aftermarket Technology Corp.(loan amount, J.P. Morgan and Company Inc., Credit Suisse First Boston)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Westmont, IL PACKAGE AMOUNT: $220 mil. ADMINISTRATIVE AGENT: JP Morgan SYNDICATION AGENT: Credit Suisse First Boston BOOKRUNNER: JP Morgan & Co Inc; Credit Suisse First Boston Corp OTHER LENDERS: First Union...

Patriot Transportation Hldg.(Patriot Transportation Holding Inc. receives loan, SunTrust Banks Inc.)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Jacksonville, FL PACKAGE AMOUNT: $37 mil. AMOUNT: $37 mil. ADMINISTRATIVE AGENT: SunTrust Banks BOOKRUNNER: SunTrust Banks Inc OTHER LENDERS: First Union National Bancorp; BankAmerica; Compass Bank TYPE:...

Gottschalks Inc.(receives loan, General Electric Capital Corp.)(Brief Article)(Statistical Data Included)
February 25, 2002... LOCATION: Fresno, CA PACKAGE AMOUNT: $165 mil. ADMINISTRATIVE AGENT: General Electric Capital Corp SYNDICATION AGENT: CIT Group/Business Credit BOOKRUNNER: General Electric Capital Corp PURPOSE: Refin/Ret Bank Debt,...

Quiet Times in The US and Europe.(various companies and their bond issuances)(Statistical Data Included)
February 25, 2002... After a three-day weekend, the US primary market was lazy last week, pushing the five deals scheduled to price to the end of the week. Only one, though, had priced at press time. As for Europe, no new deals priced. Six names, though, are...