Wednesday, June 27, 2007

UPDATE 2-Corp bonds meet resistance on flood of high-yield sales

(Reuters) - NEW YORK, June 27 - A slew of companies were
required to restructure debt sales on Wednesday, as high
leverage and risky types of debt made investors reticent to
jump into a market flooded by leveraged buyout financings.




Dollar General Corp. , Nelson Education, the Canadian
publishing business of Thomson Corp. , and Community
Health Systems Inc. were all required to make changes
to their debt offerings. In addition, Magnum Coal Co. pulled
its $350 million junk bond deal due to weak market conditions,
according to Reuters Loan Pricing Corp. .


Read more at Reuters.com Mergers News

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