Secondary Trading

• Babson Takes Over Five Jefferies CLOs 03/09/2010 08:10 PM  

  Babson Capital Management has taken over the management of five collateralized loan obligations from Jefferies Capital Management.

• Moody’s: Cablevision Hasn’t Seen End To Blackout Battle 03/08/2010 11:30 PM  

  Cablevision’s détente with Disney isn’t the end of its standoffs with broadcasters, analyst Russell Solomon at Moody’s Investors Service wrote in a note to clients.

• ABX Indices See First AAA Write-Down 03/05/2010 10:00 PM  

  The ABX.HE and the Penultimate ABX indices have seen their first implied write-downs at the AAA level.

• Markit Readies Tradable Bond Index 03/05/2010 09:34 PM  

  Markit is working on a tradable cash bond index that would track the most liquid investment grade corporate bonds in North America, according to Derivatives Week, a TSCI sister publication.

• DB Expands Global Research Team 03/05/2010 05:10 PM  

  Deutsche Bank Securities has hired two managing directors to its global markets research division.

• Ardent Health Getting Assist From HCA 03/04/2010 08:16 PM  

  Ardent Health Services is in the market with a $475 million refinancing deal that is reportedly sailing smoothly in the wake of the successful bond issuance by HCA Inc.

• Investors Wary Of Perelman’s Revlon Refi 03/03/2010 11:10 PM  

  Some investors are shunning the $940 million Revlon deal making the rounds in the market, harboring old grudges against Revlon boss Ron Perelman.

• CLOs Might Miss ILCF Flight 03/02/2010 11:11 PM  

  Collateralized loan obligations may not have time to get in on a proposed loan for AIG’s plane leasing unit, International Lease Finance Corp.

• HCA To Issue $1 Bln To Pay Down Term Loan 03/01/2010 11:06 PM  

  HCA plans to issue $1 billion in 10-year senior secured first lien notes and use the proceeds to pay down part of its bank debt, which is set to mature in November 2012.

• B of A Nabs DB’s Peterson For Distressed Sales Post 02/26/2010 02:38 PM  

  Clark Peterson has left Deutsche Bank to join Bank of America as a director in its global distressed sales team.