First Data $5 Billion Loan Deal Seeing Strong Demand

Discussion in 'Data Sets and Feeds' started by ASusilovic, Sep 21, 2007.

  1. Bankers marketing the $5 billion loan for First Data Corp.'s (FDC) leveraged buyout have already found more than enough buyers for the deal, people familiar with the situation said Thursday.

    The roadshow for that portion of the the $13 billion leveraged loan package, the first part of Kohlberg Kravis Roberts & Co.'s $24 billion fundraising effort for its LBO of the electronic payments processor, began Monday in New York and is expected to continue through next week.

    Reflecting the increasingly positive sentiment that the deal is going well, the annual cost of protecting those loans - as measured by the when-issued loan credit default swaps - fell to $320,000 to protect $10 million of loans for five years Thursday. This is down by nearly $100,000 from a week ago.

    http://money.cnn.com/news/newsfeeds/articles/djf500/200709201721DOWJONESDJONLINE000972_FORTUNE5.htm

    Liquidity crunch ? What was the inner meaning of "liquidity crunch" ? Hmmmm.... :confused: :confused: :confused:
     
  2. I thought "liquidity dried up"??? LMAO
     
  3. dtan1e

    dtan1e

    of course there be buyers b/c its riskfree, if u messed up, ben will bail u out :D