Deltek Said to Seek Lower Rate on Term Loan Deal
Bloomberg reported that computer software provider Deltek plans to lower the rate it will pay on a $450 term loan that is being arranged by the Jefferies Group.
Bloomberg reported that computer software provider Deltek plans to lower the rate it will pay on a $450 term loan that is being arranged by the Jefferies Group.
Bloomberg reported that Dell, which agreed to a $24.4 billion buyout this month, is coming under increased pressure to make the deal more attractive to shareholders who say the transaction undervalues the company.
Bloomberg reported that Bragg Communications, a provider of TV and Telephone services, plans to lower the rate it will pay on a $300 million term loan. Bloomberg notes that TD Securities is arranging the financing.
Bloomberg reported that a CDO, underwritten by Lehman Brothers, is one of dozens of deals named in the DOJ’s lawsuit accusing S&P of deliberately misstating the risks of mortgage bonds.
Bloomberg reported that regulators are saying a RBS trader colluded with a counterpart at UBS to pay bribes to brokers willing to help them manipulate global interest rates.
Bloomberg is reporting that online instructional provider, Edmentum, is said to be seeking $229.4 million to refinance debt. Credit Suisse Group was said to be arranging the transaction.
Bloomberg reported that McGraw-Hill and its S&P unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression.
Bloomberg reported that top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
Bloomberg reported that Hawker Beechcraft’s effort to exit bankruptcy was disrupted after a judge refused to approve part of the aircraft manufacturer’s restructuring plan.
Bloomberg reported that Hostess Brands’ CEO Greg Rayburn announced that the stalking horse bids for the company’s assets now total $858 million, up from the previously announced $410 million bid by Apollo Global Management and Metropoulous.