| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Endemol > News item |
Cash loans, synthetics finish flat on Friday; Endemol prices add-on; LBM sets lender call
By Paul A. Harris
Portland, Ore., April 10 – Cash loans and synthetics finished flat on Friday, market sources said.
The LCDX22 index of bank loan credit default swaps finished the session unchanged at 102½ bid, 103½ offered, according to a hedge fund manager.
The Longview Power LLC Libor plus 600-basis-points six-year term loan B, which allocated earlier in the week, was 100½ bid, 101½ offered heading into Friday’s close, well over its reoffer price but unchanged over the past two days, according to a trader.
The $300 million deal, upsized from $250 million, came at 99.
A dearth of new deals is putting pressure on loans in the secondary market, said the trader who agreed with other loan market watchers that if prices remain elevated a new wave of refinancings cannot be far behind.
“Some of the ripe ones are protected,” the trader pointed out, adding that the Dollar Tree Inc. seven-year term loan B, at 101¾ offered on Friday, has a six-month 101 soft call.
In the primary market Endemol priced an add-on to its first-lien term loan, and US LBM set a Monday lender call for a proposed $50 million term loan tack-on.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.