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Graham Packaging’s credit traded up today on news the company is seeking an amendment from lenders to extend the maturity on its bank debt.
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Loan-only credit default swaps General Growth Properties settled at 44 1/4, meaning buyers of protection on the name will recover 55 3/4 cents on the dollar.
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Hawker Beechcraft's term loan B gained five points last week on news the company will purchase $100 million in aggregate of its outstanding senior notes.
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Tropicana Entertainment's bank debt was unmoved on news of bankruptcy court approval of a reorganization plan that will split the gaming company's assets into two operating enterprises supported by $150 million in exit financing from Icahn Capital.
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Chrysler Financial's bank debt soared into the 80s last week, gaining nearly 10 points on top of the credit's initial gains following Chrysler Automotive's bankruptcy filing April 30.
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Bids wanted in competition for a $16 million portfolio of bank debt closed last Tuesday.
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Georgia Gulf Corp.'s credit held steady on the week despite the company's announcement Monday to extend the deadline for its private exchange offer from April 27 until May 7.
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Harrah's Entertainment, Inc.'s credit gained about five points last Tuesday after the company's first quarter operating results modestly beat expectations.
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Allison Transmission's term loan held steady on news the company would pay-in-kind the interest payment on its 11 1/4% senior unsecured toggle notes maturing in 2015.
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A refinancing for Michael Foods traded up to par last week after breaking at its original issue discount of 96.