B&G Foods may take advantage of low funding rates for debt financed takeovers this year, said CEO David Wenner. Click HERE for more.
Lorillard Inc., the maker of Newport cigarettes, rose 9 percent this week through yesterday amid speculation that Camel maker Reynolds American Inc. will bid for the $19 billion company. Click here to view the entire article.
European corporates have launched 4.4 billion euros equivalent of covenant-light loans in the U.S. market year to date, adding to 1.1 billion euros signed since Jan. 1. Click HERE for more.
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Federal-Mogul, the auto-parts supplier controlled by billionaire investor Carl Icahn, expects to refinance a $1.6 billion term loan before it matures in December, said CFO Rajesh Shah. Click HERE for more.
Most sell-side strategists expect loan returns to beat bonds this year. BAML and JPMorgan disagree. Click HERE for more.
Skadden Arps, Davis Polk are up, Kirkland & Ellis is down. Click HERE for more.
The cost of hedging against losses in Dow Chemical Co. shares has fallen to a four-year low as the company considers selling assets, such as its chlorine-related businesses, to boost profitability. Click HERE for more.
NXP Semiconductors, the electronics maker whose debt load decreased more than peers since 2010, is favoring share buybacks and dividends rather than reducing obligations, said CFO Peter Kelly. Click HERE for more.