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Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
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Published on 9/22/2006 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

U.S. technology and hardware

Eastman Kodak Co.: B1, probability-of-default rating, B1, senior notes, debentures, B2, LGD5, 73%, term loan, revolver, Ba3, LGD2, 29%.

IKON Office Solutions: Ba2, probability-of-default rating, Ba2, senior notes, raised to Ba3 from Ba2, LGD4, 64%.

Quantum: B3, probability-of-default rating, B3, revolver, first-lien facility raised to Ba3 from B2, LGD 2, 24%, convertible notes, Caa2, LGD 6, 91%.

Seagate Technology: Ba1, probability-of-default rating, Ba1, senior notes, convertible senior notes, Ba1, LGD 4, 56%, convertible subordinated debentures, Ba2, LGD 6, 96%.

Stratus: B2, probability-of-default rating, B2, revolver, term loan, B1, LGD 3, 33%, second-lien term loan, Caa1, LGD 5, 85%.

Sun Microsystems: Ba1, probability-of-default rating, Ba1, senior notes, Ba1, LGD5, 76%.

Xerox Corp.: Ba1, probability-of-default rating, Ba1, senior notes, revolver raised to Ba1 from Ba2, LGD3, 48%, trust preferreds raised to Ba2 from Ba3, LGD6, 94%.


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