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JPMorgan, BofA Ready Dex Media West TLB

May 15, 2008 – JPMorgan and Bank of America are gearing up to launch a $950 million term loan B for yellow pages publisher Dex Media West. Price talk is between Libor plus 350 bps and Libor plus 375 bps, with an OID in the upper 90s...

Barclays Nabs Deutsche Bank High Yield Trader

May 14, 2008 – A former co-head of high yield trading at Deutsche Bank has joined Barclays Global Investors to head up the firm's active U.S. fixed income trading desk...

LBO Firms, Banks Settle Clear Channel Suit

May 14, 2008 – The buyout firms and banks involved in the Clear Channel buyout have settled their dispute...

• Nortek Prices $750M In HY Bonds
• Clear Channel Inches Toward Settlement
• Wachovia To Cut One-Third Of Fixed Income

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Features

Investors Skeptical of Newsday Deal

May 19, 2008 – Investors had mixed reactions to the Tribune Company's decision to sell the Long Island newspaper Newsday to Cablevision for $650 million...

Mergers Of HY And Loan Groups To Continue

May 19, 2008 – Just like some marriages are meant to last and will survive the tests of time, the union of high yield bond and leveraged loan trading groups, a trend which began a few years ago, will likely continue into the foreseeable future, market participants say...

Cautious HY Recovery Keeps Rolling

May 19, 2008 – Despite more sour economic data, the credit markets appear to be holding steady on their way to recovery. Investors last week continued to proceed with caution as new issues on the primary market helped spread optimism...

Nortek Puts New Wrinkle In Deal, Prices $750M

May 19, 2008 – The high yield primary market's recovery was illustrated last week by Nortek's successful pricing of $750 million in high yield bonds. But while the deal may seem to offer a glimmer of hope to the troubled home-building sector, the company is partially insulated from the worst of that sector...

Issuers Forced To Amend Covenants, Pay Fees

May 19, 2008 – Companies that have debt maturing in the next year, especially those affected by the rising cost of oil, could be forced to offer lenders hefty amendments to waive certain covenant agreements...

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