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      <title>Latest News Current Issue</title>
      <link>http://www.leveragedfinancenews.com/news/index.html</link>
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      <language>en-us</language>
      <copyright>Copyright 2008 Leveraged Finance News. All rights Reserved.</copyright>
<managingEditor>editor@leveragedfinancenews.com</managingEditor>
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      <pubDate>Wed, 27 Aug 2008 15:26:10 EDT</pubDate>
      <lastBuildDate>Wed, 27 Aug 2008 15:26:10 EDT</lastBuildDate>
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         <title><![CDATA[S&amp;P: More Downgrades Coming ]]></title>
         <description><![CDATA[Standard &amp; Poor's issued a report earlier today that found the outlook for corporate bonds to be increasingly negative and singled out five unsurprising sectors where it expects to see significant additional downgrades...]]></description>
         <link>http://www.leveragedfinancenews.com/news/185040-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Banks Look To Tap Investors For InBev]]></title>
         <description><![CDATA[A bank consortium has begun marketing part of a $45 billion credit facility for InBev to help finance its acquisition of Anheuser-Busch. The deal could act as a sobriety test for the leveraged loan market, providing an indication of the how much it is able to absorb....]]></description>
         <link>http://www.leveragedfinancenews.com/news/185013-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Nearly 25% Of Junk Cos. Now Distressed]]></title>
         <description><![CDATA[The number of speculative-grade companies now trading at distressed levels has climbed to 24.8% this month, according to Standard &amp; Poor's...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184989-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Market Sees Slowest Issuance Pace Since 2002 ]]></title>
         <description><![CDATA[As summer nears its end and market participants look to fall with hope (if not conviction) that the leveraged finance markets will pick up, here is some sobering news for the year so far...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184938-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[David Flannery Exits Deutsche For BofA]]></title>
         <description><![CDATA[David Flannery, a 15-year veteran of Deutsche Bank and most recently its global head of debt capital markets, has left the firm to join rival Bank of America as global head of leveraged finance...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184923-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Cheniere Energy Closes $250M Convertible  ]]></title>
         <description><![CDATA[Houston-based Cheniere Energy said today that it has closed a $250 million senior secured convertible loan agreement with GSO Capital Partners...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184864-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[State Street PM Heads To PPM America]]></title>
         <description><![CDATA[Scott Richards, formerly a high yield portfolio manager at Boston's State Street Global Advisors, has joined PPM America in Chicago...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184717-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Babson Capital Closes Two CLOs]]></title>
         <description><![CDATA[Babson Capital Management has closed two CLOs totaling $842 million, the company said today. The CLOs, Babson CLO 2008-I and Babson CLO 2008-II, are 95% invested in senior secured bank loans... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/184684-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Uno Takes Bond Payment Off The Menu]]></title>
         <description><![CDATA[Uno Chicago Grill is famous for its deep dish pizza, but its pockets are apparently not deep enough to make a bond payment this Friday. Its parent company will miss a payment and...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184689-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Unitranche Funds Find Strong Demand ]]></title>
         <description><![CDATA[Unitranche funds, which have been launched by only handful of lenders, including Allied Capital and Golub Capital, have found some success in a market where raising debt is not always easy...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184672-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[High Yield Default Rate Jumps ]]></title>
         <description><![CDATA[The U.S. speculative-grade default rate increased to 3.0% in July from 2.5% in June, according to a recent report from Moody's Investors Service. At this time last year, the U.S. rate stood at 1.5%... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/184621-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[DTCC Adds Lewis To Run New Loan Business]]></title>
         <description><![CDATA[The Depository Trust &amp; Clearing Corporation has hired Mathew Keshav Lewis to head up its new syndicated loan business in Europe...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184622-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Looking For Killing: GSO Buy RBS Hung Debt ]]></title>
         <description><![CDATA[Royal Bank of Scotland is selling roughly $8 billion of leveraged loans to GSO Capital, a unit of The Blackstone Group, TPG Capital and Apollo Alternative Assets...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184633-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[RBC Pulls Allis-Chalmers Bonds]]></title>
         <description><![CDATA[The Royal Bank of Canada yesterday pulled $350 million in senior notes due 2018 for Allis-Chalmers Energy, a Houston-based oil and gas drilling company. The bonds were scheduled to price today...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184482-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[FIA Names Fidelity Veteran As President]]></title>
         <description><![CDATA[Fridson Investment Advisors said Tuesday that it named Drew E. Lawton its president. A 26-year veteran of the financial services industry, Lawton joins FIA after an 11-year career with Fidelity Investments, serving most recently as president of Pyramis Global Advisors Trust Company—Fidelity's institutional investment arm... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/184452-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Annaly Acquires Merganser Capital ]]></title>
         <description><![CDATA[Boston-based fixed income investment manager Merganser Capital Management has agreed to be acquired by Annaly Capital Management...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184454-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Merger Creates Dubai-Based KCP Capital ]]></title>
         <description><![CDATA[KIT Capital, MNA Partners and River Road Ventures have merged to form KCP Capital, a cross-border merchant bank focused on the increasing business opportunities...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184423-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Suit Charges Wachovia With False Valuation]]></title>
         <description><![CDATA[Investors sued Wachovia Corp. and two affiliates on Monday, charging them with causing losses by incorrectly valuing shares of a now-defunct bond fund and making risky investments in the fund...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184427-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[JPMorgan Trading Chief Jumps Ship For Silver Point]]></title>
         <description><![CDATA[John Abate, head of distressed and loan trading at JPMorgan, has left the firm to join Silver Point Capital, an activist hedge fund founded by ex-Goldman Sachs partners... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/184403-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[UBS Bulks Up Distressed Team ]]></title>
         <description><![CDATA[In an effort to boost its presence in the distressed area, UBS has added four professionals to its distressed team... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/184404-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Banks Prepare To Launch Manitowoc TLB]]></title>
         <description><![CDATA[A bank consortium plans to began marketing a $1 billion term loan B for Manitowoc Thursday, following the company's strong second-quarter earnings report yesterday. Price talk is at Libor plus 350 bps, with an OID in the upper 90s...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184231-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Banks Prep $1.6B Facility For Brocade]]></title>
         <description><![CDATA[Bank of America and Morgan Stanley are arranging a $1.6 billion credit facility for San Jose, Calif.-based technology company Brocade Communications...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184199-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[CIT Prepays $2.1 Billion Credit Facility ]]></title>
         <description><![CDATA[CIT Group will prepay a $2.1 billion credit facility on July 30, 2008, three months in advance of the facility's due date...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184145-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Investors Chew Over Wrigley Deal]]></title>
         <description><![CDATA[A bank group led by Goldman Sachs on Wednesday began marketing a $3.6 billion term loan B for William Wrigley Co. Price talk is at Libor plus 375 bps, with an OID of 97 and a 3.0% Libor floor...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184006-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Goldman Raises $10 Billion Fund For Loans ]]></title>
         <description><![CDATA[Goldman Sachs has raised a $10 billion fund to invest in loans backing leveraged buyouts, according to published reports, as it takes advantage of a gap in the financing markets created by the credit crisis...]]></description>
         <link>http://www.leveragedfinancenews.com/news/184019-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Another Exec Departs Citigroup]]></title>
         <description><![CDATA[Citigroup's Michael S. Klein, who had been at the bank for 23 years and most recently led its institutional clients group, has left to pursue other opportunities...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183921-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Interval Bond Deal Goes Private Route ]]></title>
         <description><![CDATA[Underwriters pulled the Interval Leisure Group bond deal earlier today, after Interval's parent company reached a private agreement to sell the notes at a price lower than the price talk in the public market... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/183922-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Highland Bulks Up, Heads East ]]></title>
         <description><![CDATA[Highland Capital Management is bulking up its institutional sales and investor relations team in New York and plans to open an Asia Pacific Regional office in Singapore...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183769-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Alcentra Makes Push Into U.S. Lev Loans]]></title>
         <description><![CDATA[Alcentra, a specialist investor focused on junk-rated debt, is moving a top managing director from London to New York to lead its U.S. leveraged loan business...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183746-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Spectrum's Lenders Curb Applica Deal ]]></title>
         <description><![CDATA[A $325 million credit facility led by Credit Suisse and GE Capital Markets for Applica Pet Products was called off today. Spectrum Brands, which had agreed to sell its pet supply business to Salton Inc., the owner of Applica, put a muzzle on the deal citing its inability to obtain consent from its senior lenders...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183761-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[IACPM Poll: Spreads To Increase]]></title>
         <description><![CDATA[A survey conducted by the International Association of Credit Portfolio Managers shows that credit investors believe spreads are likely to widen over the next three months...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183602-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[As Euro Trading Soars, Systems on the Brink of Meltdown]]></title>
         <description><![CDATA[Forget the credit markets. The systems used by Europe's leverage loan traders are about to have a meltdown of their own, despite the fact that the primary loan market there has slowed down significantly...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183553-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Standard Completes $1Billion CLO]]></title>
         <description><![CDATA[Standard Chartered Bank has completed a $1 billion synthetic vehicle and its fifth CLO transaction under its Start CLO series...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183555-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Andersen Returns To Congress Asset Management ]]></title>
         <description><![CDATA[Peter Andersen, most recently with Dreman Value Management, last week returned to work for his previous firm, Congress Asset Management in Boston...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183558-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Wayne Hummer Appoints Managing Director, Fixed Income]]></title>
         <description><![CDATA[Wayne Hummer Asset Management appointed William Gregg as managing director and director of fixed income...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183560-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Aviva Hires Two High Yield Portfolio Managers ]]></title>
         <description><![CDATA[Aviva Capital Management has hired Jeremy Hughes and Chris Langs as high yield portfolio managers. The two have joined portfolio manager Josh Rank in overseeing all of the firm's high yield assets...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183561-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Jefferies Picks Up Bear Stearns Debt Vet]]></title>
         <description><![CDATA[Robert Harteveldt, most recently head of high yield, distressed and loan sales at Bear Stearns, has joined Jefferies &amp; Co. as chairman of fixed income...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183538-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[SEC Finds Problems At Rating Agencies ]]></title>
         <description><![CDATA[The Securities and Exchange Commission delivered a blistering report Tuesday that detailed the shortcomings of Fitch Ratings, Moody's Investors Service and Standard &amp; Poor's in rating residential mortgage-backed securities and collateralized debt obligations... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/183519-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[ML Head of EMEA Lev Finance Departs]]></title>
         <description><![CDATA[Merrill Lynch's head of leveraged finance for Europe, the Middle East and Asia, Andrew McCullagh, has resigned from the bank...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183522-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[RBC Taps Wolfe As Head Of U.S. Lev Finance ]]></title>
         <description><![CDATA[RBC Capital Markets has appointed Jim Wolfe as managing director and head of U.S. leveraged finance...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183473-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[CS and GE Capital Launch Applica Pet Loan]]></title>
         <description><![CDATA[The bank meeting to launch the $325 billion Applica Pet Products credit facility went on Tuesday, despite setbacks with the M&amp;A deal. Credit Suisse and GE Capital Markets are marketing a $300 million first-lien term loan B and a $25 million revolver... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/183362-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Barclays To Launch Bonds For North American Energy Alliance]]></title>
         <description><![CDATA[Barclays in two weeks will issue $325 million in senior secured notes due 2016 for North American Energy Alliance, a source close to the deal said...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183175-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[RBC Snags Two More From Citi ]]></title>
         <description><![CDATA[RBC Capital Markets has brought on two long-time Citigroup chiefs: Paul Zingarini joins as managing director and head of secondary loan trading and Richard Rothschild joins as a managing director within the firm's global syndicated finance sales group, the bank said today. ]]></description>
         <link>http://www.leveragedfinancenews.com/news/183101-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[BMO Investments Kicks Off High Yield Fund]]></title>
         <description><![CDATA[BMO Investments yesterday launched the BMO U.S. High Yield Bond Fund. The new fund will invest primarily in securities with a credit rating below BBB and use bottom up quantitative and fundamental analysis...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183107-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Ex-Citi Bond Chiefs To Start Hedge Fund ]]></title>
         <description><![CDATA[Two former Citigroup bond chiefs plan to join the club of investment bankers turned hedge fund managers...]]></description>
         <link>http://www.leveragedfinancenews.com/news/183081-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Underwriters Launch Part of Clear Channel's $10B TLB]]></title>
         <description><![CDATA[Underwriters Tuesday launched a $3 billion chunk of a $10.7 billion term loan B for Clear Channel. The deal comes nearly one month after two private equity firms and a consortium of banks settled their dispute...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182818-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Citi, BofA Shop First Lien For Rite Aid, Bonds Wait In The Wings]]></title>
         <description><![CDATA[Citigroup and Bank of America are marketing a $350 million first-lien term loan for drugstore chain Rite Aid. Price talk is at Libor plus 225, with an OID of 94...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182896-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Banks Launch $650M TLB For CSC Holdings]]></title>
         <description><![CDATA[A bank consortium led by Bank of America today launched a $650 million term loan B for CSC Holdings, a Bethpage, N.Y.-based holding company for cable TV operator Cablevision Systems...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182897-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Goldman's Connolly Shifts To PE ]]></title>
         <description><![CDATA[Tom Connolly, head of Goldman Sachs' U.S. leveraged finance business, is shifting over to the firm's private equity arm, where he is expected to run a fund investing in debt...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182676-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Bear's Distressed Debt Team Joins Tudor]]></title>
         <description><![CDATA[A team of distressed debt bankers from Bear Stearns is joining hedge fund Tudor Investment Corp. to lead a new investment management business specializing in credit-related strategies...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182661-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Banks Prep $1B TLB For BE Aerospace ]]></title>
         <description><![CDATA[In the third quarter, JPMorgan, Credit Suisse and UBS will launch, no pun intended, a $1.35 billion credit facility for BE Aerospace, a Wellington, Fla.-based manufacturer of components for commercial passenger aircraft and business jets...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182665-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Investors Push Back Learning Care]]></title>
         <description><![CDATA[Investors last week pushed back on a Barclays-led $175 million term loan B for child-care services provider Learning Care Group. The term loan was launched last week at Libor plus 450 bps, with an OID of 96 and a 3.5% Libor floor...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182666-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Moody's/Fitch Cut Home Builder Ratings]]></title>
         <description><![CDATA[Moody's and Fitch have downgraded various home builders, with Moody's cutting the ratings on six companies, and Fitch downgrading five of those, as well as an additional three. Moody's downgraded Centex, Horton, KB Home, Pulte and Ryland to Ba2 from Ba1, and Lennar to Ba3 from Ba1...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182641-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[CIT Gets $3B From Goldman Sachs ]]></title>
         <description><![CDATA[Commercial finance company CIT Group has agreed to a $3 billion long-term financing commitment from Goldman Sachs. The 20-year securities-based financing facility, which has a 15-year average life, will give CIT the funding flexibility to finance both existing assets and new originations... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182620-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[ Rating Agency DBRS Enters Lev Finance ]]></title>
         <description><![CDATA[Toronto-based ratings agency DBRS today unveiled a new leveraged finance rating methodology, which will be used in rating all speculative-grade corporate debt...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182634-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[GMAC Completes $60B ResCap Rescue ]]></title>
         <description><![CDATA[GMAC said yesterday that it had completed a more than $60 billion rescue effort to improve the liquidity of its struggling subsidiary, mortgage lender Residential Capital...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182492-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Senate To Probe Underwriting Practices]]></title>
         <description><![CDATA[The Senate Banking Committee plans to hold a hearing next Tuesday to explore how underwriting practices at investment banks contributed to the credit crisis...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182463-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Investors Process Lender Processing Services]]></title>
         <description><![CDATA[JPMorgan and Bank of America Monday held a bank meeting for a $1.725 billion credit facility for Lender Processing Services, a newly-formed company spun off from Fidelity National Informational Services...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182468-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Barclays Raises $1 Billion Fund]]></title>
         <description><![CDATA[Barclays Capital' principal credit investment unit, Barclays Structured Principal Investing (BSPI) has launched a $1 billion fund to invest in junior debt on the primary market... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182453-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Top Bankers Depart Morgan Stanley  ]]></title>
         <description><![CDATA[Three senior U.S. leveraged finance bankers have left Morgan Stanley as part of the investment bank's recent cuts to management, a source at the bank confirmed...  ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182434-1.html?CMP=OTC-RSS</link>
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         <title><![CDATA[Lloyds TSB Launches SME CLO ]]></title>
         <description><![CDATA[Lloyds TSB Corporate Markets has launched its latest SME CLO. This is the bank's fourth balance sheet securitization from its commercial loan book...  ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182369-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Manitowoc Win Will Bring $2 Billion In Loans]]></title>
         <description><![CDATA[Approaching the final step to winning a bidding war with rival bidder Illinois Tool Works, The Manitowoc Co. is expected to submit its plan to buy U.K. cooking-equipment maker Enodis to shareholders next Monday, June 9... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182371-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citadel Snags JPMorgan Securitization Vet]]></title>
         <description><![CDATA[Citadel Investment Group has tapped JPMorgan vet Bill King as a senior managing director and head of securitized products... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182243-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DB Restructures Lev Debt CM Group]]></title>
         <description><![CDATA[Deutsche Bank has restructured its leveraged debt capital markets business in the Americas, moving its chief of leveraged finance to head up financial sponsor coverage on this side of the Atlantic...  ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182245-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CS Launches $350M Loan For Anchor Glass]]></title>
         <description><![CDATA[Credit Suisse will hold a bank meeting tomorrow to launch a $350 million first-lien term loan for Anchor Glass Container Corp., sources said. Price talk on the loan is at Libor plus 450 bps, with an OID of 98 and a 3.5% Libor floor. ]]></description>
         <link>http://www.leveragedfinancenews.com/news/182250-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BMO &amp; CIT Kick Off $185M Loan For Keeley]]></title>
         <description><![CDATA[BMO Capital Markets and CIT Group will hold a bank meeting in New York tomorrow to launch a $185 million senior secured financing for Keeley Holdings...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182251-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Three Deals Shine on the Secondary]]></title>
         <description><![CDATA[Two recent loan deals have climbed upward on the secondary market after breaking for trading, and another is likely to do the same...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182069-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Canadian Court Blocks BCE Deal ]]></title>
         <description><![CDATA[A Canadian Court may have delivered a fatal blow to the buyout of Canadian telecommunications company BCE, which could have been destined for a U.S. court...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182071-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DB Appoints Global Head Of Leveraged DC Markets]]></title>
         <description><![CDATA[Following the departure of its head of leveraged debt capital markets in Europe, Deutsche Bank is pooling its global leveraged debt capital markets under one man, David Flannery...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182078-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Hung Alliance Boots Debt To Set Record]]></title>
         <description><![CDATA[The banks holding £9 billion ($17.7 billion) of debt from the buyout of Alliance Boots are close to selling about a third of the deal in...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182027-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[JPMorgan Launches One TLB, Readies Another]]></title>
         <description><![CDATA[JPMorgan launched a $600 million term loan B for New York City-based Scientific Games, and is gearing up to launch a $300 million term loan E for Mediacom Broadband...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182079-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Banks May Bust BCE Deal ]]></title>
         <description><![CDATA[In what could be dubbed Clear Channel Part Deux, the investment banks handling the debt for the $52 billion buyout of BCE are attempting to revise the terms on the deal... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/181967-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Morgan Stanley Lays Off  Top Execs ]]></title>
         <description><![CDATA[Recent cuts to management at Morgan Stanley include individuals in its global leveraged finance group...]]></description>
         <link>http://www.leveragedfinancenews.com/news/182010-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[JPMorgan, BofA Ready Dex Media West TLB]]></title>
         <description><![CDATA[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...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181824-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[LBO Firms, Banks Settle Clear Channel Suit ]]></title>
         <description><![CDATA[The buyout firms and banks involved in the Clear Channel buyout have settled their dispute...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181798-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Barclays Nabs Deutsche Bank High Yield Trader]]></title>
         <description><![CDATA[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...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181920-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Wachovia To Cut One-Third Of Fixed Income]]></title>
         <description><![CDATA[Wachovia CEO Ken Thompson says the bank plans to cut one third of its fixed income staff and make a 10% reduction in corporate and investment bank support staff...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181761-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fridson To Launch Investment Firm ]]></title>
         <description><![CDATA[Martin Fridson, who last week said he will close his research firm FridsonVision, plans to launch an investment management firm dubbed Fridson Investment Advisors, with global partner BNP Paribas Investment Partners... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/181765-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Clear Channel Inches Toward Settlement]]></title>
         <description><![CDATA[Thomas H. Lee Partners and Bain Capital Partners, and the bank lending group that had committed to help finance their buyout of Clear Channel Communications...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181774-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Nortek Prices $750M In HY Bonds]]></title>
         <description><![CDATA[Home building material provider Nortek priced $750 million in senior notes due 2013 today. As of this afternoon, price talk on the notes was between 10% and 10.25%...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181779-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Clear Channel Lawsuit Delayed]]></title>
         <description><![CDATA[A New York state judge adjourned until tomorrow the trial over the debt financing of the $20 billion Clear Channel buyout deal this morning...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181740-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Blackstone Closes Three CLOs ]]></title>
         <description><![CDATA[The Blackstone Group closed three CLOs in the second quarter, totaling $1.3 billion, the firm said yesterday... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/181568-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[BlackRock Helps Bail Out UBS]]></title>
         <description><![CDATA[U.S. hedge fund BlackRock will reportedly help Switzerland's UBS by taking $15 billion in troubled mortgage investments off its hands...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181569-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Latimer Leaves UBS For Highland]]></title>
         <description><![CDATA[Kevin Latimer, head of loan sales at UBS, has left the troubled investment bank for Highland Capital Management... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/181570-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[DirecTV Prices $1.35B In HY Bonds ]]></title>
         <description><![CDATA[Digital television service provider DirecTV today priced $1.35 billion in 7.625% senior notes due 2016 at par...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181571-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ResCap Negotiates $3.5 Billion Credit Facility ]]></title>
         <description><![CDATA[After announcing an offer to redeem $14 billion in bonds Friday, Residential Capital yesterday said it is also negotiating with its parent GMAC to provide it with a $3.5 billion first-lien senior secured credit facility... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/181537-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Goldman Makes Cuts To Lev Finance]]></title>
         <description><![CDATA[Goldman Sachs has begun a significant restructuring of its leveraged finance operation, making larger than expected cuts to the unit...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181525-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[More Than $900M On HY Calendar ]]></title>
         <description><![CDATA[The high yield primary market may see more than $900 million in new issues over the next ...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181381-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Banks Ready LyondellBasell TLB]]></title>
         <description><![CDATA[Underwriters for LyondellBasell plan to launch a $7.5 billion term loan B next week. Price talk is at Libor plus 375 bps, with an OID in the low 90s...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181345-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Investors Driving Ford's $1.1B New HY Bonds ]]></title>
         <description><![CDATA[Ford Motor Credit priced $1.1 billion in high yield bonds late yesterday, in response to investor demand. The drive-by financing was the largest new issuance so far this year...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181317-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Goldman Shops Bright Horizons Term Loan B]]></title>
         <description><![CDATA[Goldman Sachs is marketing a $340 million credit facility for Bright Horizons Family Solutions. The debt package, which will launch tomorrow, consists of a $265 million term loan B and a $75 million revolver...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181292-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[For This Texas Oil &amp; Gas Co. There Will Be A Term Loan]]></title>
         <description><![CDATA[UBS and Goldman Sachs in a few months will issue a $600 million term loan B for Houston-based oil and gas driller Grey Wolf...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181081-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Firekeepers Casino Prices $340M ]]></title>
         <description><![CDATA[FireKeepers Development Authority priced the first new issue of the week on the high yield market...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181083-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Jefferies Bulks Up In MBS ]]></title>
         <description><![CDATA[Jefferies &amp; Co. is expanding its mortgage-backed securities group, adding 10 senior professionals to its mortgage trading team over the next several weeks, the bank said today...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181059-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Babson Buys MCM To Boost Distressed Group ]]></title>
         <description><![CDATA[Joining a growing number of firms building up their distressed capabilities, Babson Capital Management has acquired Murray Capital Management's distressed debt management business...]]></description>
         <link>http://www.leveragedfinancenews.com/news/181064-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citi Shuffles Credit Trading Group]]></title>
         <description><![CDATA[Citigroup is shuffling its credit trading group to take advantage of opportunities in distressed debt trading. The bank has appointed Carl Meyer global head of distressed trading; he reports to Carey Lathrop, global head of credit trading...]]></description>
         <link>http://www.leveragedfinancenews.com/news/180900-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Berry Plastics Prices $680M In HY Bonds ]]></title>
         <description><![CDATA[Berry Plastics today priced $641 million in floating-rate high yield bonds that have a call structure more typical of a leveraged loan deal... ]]></description>
         <link>http://www.leveragedfinancenews.com/news/180875-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[TowerBrook Snags UBS Lev Finance Chief]]></title>
         <description><![CDATA[Private equity firm TowerBrook Capital Partners has tapped John Sinik, most recently global head of leveraged finance and head of European private equity coverage at UBS...]]></description>
         <link>http://www.leveragedfinancenews.com/news/180877-1.html?CMP=OTC-RSS</link>
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      <item>
         <title><![CDATA[UBS May Cut More Jobs ]]></title>
         <description><![CDATA[UBS may cut another 10% of its investment banking and trading division, which could mean up to 2,200 lost jobs...]]></description>
         <link>http://www.leveragedfinancenews.com/news/180849-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[GE Amends Venture Term Loan B]]></title>
         <description><![CDATA[GE has reduced the size of a $150 million term loan B to $140 million for Lafayette, La.-based trucking company Venture Transport Logistics...]]></description>
         <link>http://www.leveragedfinancenews.com/news/180859-1.html?CMP=OTC-RSS</link>
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