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July 5, 2007
Another Bond Offering Cancelled
Underwriters called off a $1.15 billion sale of bonds to pay for the ServiceMaster LBO. Like other recent debt offerings, investors were unhappy with the payment-in-kind provision, which gives companies the option to make interest payments in additional debt. See WSJ, ServiceMaster Shelves Bond Offering on Investor Nervousness.
July 5, 2007 in News Stories | Permalink
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