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  • Hanesbrand TL breaks for Trading...
    100.5/101
    Dec 10 2:12 PM | Link | Comment!
  • Hanesbrands NEW TL expected to break shortly...STAY TUNED for pricing.
    The new term loan was expected to break around 11 a.m., however no levels have been seen as of yet.
    Dec 10 11:16 AM | Link | Comment!
  • Thursday Morning Outlook
    The loan market is quiet but bids have started the day firm; we are seeing on-the-run credits up about a quarter. This move is driven by equities, which were up overnight, and continued on this morning after the jobless numbers came in less than expected (5.157mm v. an est. 5.440mm) and international trade was better (-32.94b v. est. -36.80b). The Dow, S&P, and NASDAQ are all up about 0.75% this morning. We are expecting to see some action in American Axle, whose $400mm Senior Secured Bond issue prices today in the 9.5% context, via JPM. Their Amended and Extended term loan is currently marked at 97/98.375. The LCDX13 is currently marked at 98.875/96.0625 (+45c) and the HYCDX13 is at 95.75/95.9375 (+50c).

    Earnings:
    • Dollar General Corp Earnings call is at 10 a.m.
    • Dollarama Inc. Q3 Earnings call is at 10:30 a.m.


    Disclosure: Loan Trading, Secondary Loan Market, Syndicated Loan Market, Credit Trading, LCDX, Trading
    Dec 10 10:26 AM | Link | Comment!
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