TITLE

Freescale Bondholders Trade Up Into Term Loan

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
March 2009
SOURCE
High Yield Report;3/2/2009, Vol. 20 Issue 9, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the bondholders of Freescale Semiconductor have traded into term loan. The company's bondholders who represent approximately 2.89 billion U.S. dollar in notes committed to exchange such notes for 694 million U.S. dollar of new term loan which will mature on December 15, 2014. Meanwhile, Moody's Investors Service affirmed Freescale's corporate family rating at Caa1 but downgraded its probability of default rating to Ca.
ACCESSION #
45124486

 

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