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Deluxe Entertainment withdraws $600 million eight-year notes offer
By Paul A. Harris
St. Louis, Oct. 21 - Deluxe Entertainment Services Group Inc. withdrew its $600 million offering of eight-year first-lien notes, market sources told Prospect News on Thursday.
The company is seeking to amend its secured bank loan and to do an add-on, one source added.
The proposed bond deal had been struggling, market sources said.
Early this month the Hollywood, Calif.-based digital cinema services company introduced covenant changes.
Credit Suisse Securities and J.P. Morgan Securities Inc. were leading the bond offering.
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