Leveraged loans are the new bonds

Which were the new loans…by Debtwire

Indonesia moves on tax loophole

CFOs and credit investors scramble to understand implications of the change even as traders mark the impacted bonds lower. by Debtwire

Wayzata’s interest in Neenah, Grede and Elyria could presage foundry sector tie-up

Collective could benefit from selling, general and administrative expenses, production cost savings as well as an expanded geographic reach. by Debtwire

BTA Bank’s former chairman loses legal challenge against asset freeze

Trial to follow in UK High Court. by Debtwire

High yield investors turn to CDS swaptions to protect record 2009 gains

Those that must remain invested are increasingly turning to exotic CDX swaptions to lock in their profits. by Debtwire

Toys ’R’ Us preps bond to takeout CMBS Giraffe; potential IPO in the wings, sources say

Bank of America and Deutsche Bank arranged the CMBS issues during Toys’ LBO in 2005, and are rumored to be launching the refinancing as early as this week, by Debtwire

Citadel loan investors tune in to broadcast industry rebound

Funds loan to own. by Debtwire

Czech billionaire Kellner backs last-minute bid for Wind Hellas through telco vehicle

Kellner steps into winner-takes-all brawl between existing shareholders and junior bond holders. by Debtwire

Kraton pumps up IPO story with faux amendment

Little light shed on IPO terms during call. By Debtwire

TOUSA bondholders win upstart fraudulent conveyance ruling against lenders

Investors move to block Cohen & Co. from amending four CDOs into fee machines

Danone CDS contract volumes spiked before merger report

Aventine reconsiders sale in bankruptcy

Apollo Management seeks redemption in Pliant-Berry tieup

Capmark bond holders plan to fire Deutsche as trustee

Blackstone explores Hilton restructuring

Tokyo Star Bank: Advantage Partners-controlled funds in technical breach of covenants on JPY 120bn LBO loan

Wall Street bets big again on casino bonds

Lyondell lenders challenge Apollo/Access for fulcrum in backstop battle redux

Naftogaz activist bondholder attempts to rally investor opposition to restructuring

Li Ka-shing exits Apexindo loan, sources say

Thomson CDS holders may boycott ISDA auction

CIG Media SPAC pitches offer to buy out Incisive LBO lenders at discount; bows out abruptly

Lehman: Bankruptcy court to hear CLN dispute

CIT CDS selloff leaves correlation traders sitting pretty; Sallie Mae could be next

Chase serves itself first in mortgage modifications; MBS bond holders up in ARMs

When the levee breaks: Nadra Bank lenders lobby Ukraine to extend withdrawal moratorium

Coinmach LBO gone wrong washes out sponsor

From Russia with love; CDS definition born in 1998 crisis triggers Bradford & Bingley auction

Finance Leasing Company bondholders dissecting command structure as majority shareholder and issuer disavow USD 150m bond

IMO Car Wash court ruling could shift the European debt restructuring landscape

Avis could struggle to refinance ABS term debt despite TALF eligibility

China Sun Bio-chem CB holders seek financial adviser amid doubts over company’s accounts and frustrated KPMG forensic audit

Four Seasons Healthcare PIK holders vote to enforce as time runs out for consensual plan

Toys “R” Us new propco bond could feature ‘basis buster’ strategy

Tristan Oil re-commits to using sale proceeds to repay bond, including controversial USD 111m tap

Gruppo Argenta lead banks threaten enforcement as negotiations with sponsors stall

Corporates dump agencies as expensive ratings lose currency

Anil Ambani to part-repay early USD 850m loan creditors claim is in technical default

BTA Bank CDS deliverables list leaves some market participants fretting over recoveries and KYC tests

Asia Aluminum: AA Investments PIK noteholders file motion to have companies exited from provisional liquidation

Ashland releases price talk and structure of USD 1.61bn loan

Hawker Beechcraft bond buyback amid cash burn sparks talk of equity injection

CLO managers struggle for survival as fee-income waterfall dries to a trickle

Tristan Oil caught up in subsoil law changes; government proxy circles assets

Republic of Indonesia to tap yen markets via JBIC-guaranteed bond, government source says

Octaviar: Ruling against Fortress sets precedent for Australian LBO loans

Treasury’s auto supplier bailout offers expensive A/R funding that will attract few takers among large manufacturers

Parex banka reaches landmark loan restructuring agreement