Mon 10/16/2023 13:31 PM
High-yield bond market participants are pushing back on key terms for an almost $2 billion offering of PIK notes from co-issuers aircraft lessor Global Aircraft and shipping container lessor Seaco, with changes on the deal expected to be announced shortly, sources considering the financing said. A group of potential investors approached lead arranger Morgan Stanley late last week with a list of their proposed changes, the sources said.
Investors are asking for a...
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