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High Yield Report back issues
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Credit Suisse Shops Primary Energy TL.(News)
July 6, 2009... Byline: Richard Kellerhals
Credit Suisse is shopping a $152 million term loan for Primary Energy, an Oak Brook, Ill.-based energy company.
Price talk on the loan is at Libor plus 850 bps, with an OID of 97 and a 2.5% Libor floor. The proceeds will be used to repay an existing $135...
Deutsche Combines HY Bond and Loan Teams.(News)
July 6, 2009... Byline: Carol J. Clouse
Deutsche Bank has integrated its high yield loan and bond sales, trading and research effort and appointed Rich Byrne to lead the new noninvestment grade debt team, according to an internal memo obtained by leveragedfinancenews.com.
Byrne will remain the...
Hecla Mining Cuts Debt, Amends Agreement.(News)
July 6, 2009... Byline: Matthew Sheahan
Hecla Mining made a prepayment on its term loan and amended its credit agreement to reduce borrowing costs and gain greater flexibility, the company announced June 30.
The Coeur D'Alene, Idaho-based gold and silver mining company made an $18.2 million...
Cos. to Price More than $1.7B in HY.(News)
July 6, 2009... Byline: Matthew Sheahan
Kicking off the second half of the year, five companies are bringing a total of $1.76 billion in high yield bonds to the primary today. Issuers are on pace to sell more than $3.2 billion in new junk bonds this week.
Toy retailer Toys 'R Us is looking to issue...
European Loan Prices Up 40%.(News)
July 6, 2009... Byline: Richard Kellerhals
The average leveraged loan price in Europe has risen 40% so far this year, according to Standard & Poor's Leveraged Commentary and Data.
The average price of European loans hit a nine-month high of 85.6 on June 18 and has hovered around the mid-80s since,...