(Reuters) - U.S. Foodservice was in the process of raising a $3.36
billion bank loan and a $650 million high yield bond offering.
The decision to postpone comes as both the loan and high
yield bond investors forced U.S. Foodservice to change the
terms of the financing a number of times due to the large
amount of debt being assumed by the company. Loan investors
were also slow to commit to the deal as it lacked financial
covenants.
Read more at Reuters.com Bonds News
billion bank loan and a $650 million high yield bond offering.
The decision to postpone comes as both the loan and high
yield bond investors forced U.S. Foodservice to change the
terms of the financing a number of times due to the large
amount of debt being assumed by the company. Loan investors
were also slow to commit to the deal as it lacked financial
covenants.
Read more at Reuters.com Bonds News
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