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Published on 7/25/2003 in the Prospect News Bank Loan Daily.

S&P puts Meow Mix on watch

Standard & Poor's put The Meow Mix Co. on CreditWatch negative including its $100 million term loan due 2008 and $30 million revolving credit facility due 2008 at BB-.

S&P said the CreditWatch listing follows the expected sale of Meow Mix to Cypress Group LLC.

S&P expects that the company will likely be highly leveraged and that the proposed transaction could result in a weaker financial profile.


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