"CERIDIAN CORP., a provider of human resources and payroll services, plans to sell $1.4 billion of bonds to finance its buyout by Thomas H. Lee Partners LP and Fidelity National Financial Inc. The sale would be split between $1 billion of senior notes and $400 million of senior subordinated securities, the company said in a regulatory filing. Minneapolis-based Ceridian said it would issue $1.4 billion of bridge loans if the sale of bonds isn't consummated before the $5.3 billion takeover is completed. S&P rates Ceridian BBB-. Shareholders on Sept. 12 approved the takeover."
Friday, February 25, 2011
TerreStar Corp. Archives
"TERRESTAR CORP., the wireless communications provider formerly known as Motient Corp., said it plans to sell bonds in a private offering through one of its unit. Proceeds will be used, among other purposes, to start construction of its satellite TerreStar-EUR, the company said in a statement. The amount and the terms of the securities have yet to be determined, the company said. TerreStar Global Ltd. a unit of Lincolnshire, Illinois-based TerreStar Corp. is issuing the notes, the company said. TerreStar Corp. is unrated."
"CERIDIAN CORP., a provider of human resources and payroll services, plans to sell $1.4 billion of bonds to finance its buyout by Thomas H. Lee Partners LP and Fidelity National Financial Inc. The sale would be split between $1 billion of senior notes and $400 million of senior subordinated securities, the company said in a regulatory filing. Minneapolis-based Ceridian said it would issue $1.4 billion of bridge loans if the sale of bonds isn't consummated before the $5.3 billion takeover is completed. S&P rates Ceridian BBB-. Shareholders on Sept. 12 approved the takeover."
"CERIDIAN CORP., a provider of human resources and payroll services, plans to sell $1.4 billion of bonds to finance its buyout by Thomas H. Lee Partners LP and Fidelity National Financial Inc. The sale would be split between $1 billion of senior notes and $400 million of senior subordinated securities, the company said in a regulatory filing. Minneapolis-based Ceridian said it would issue $1.4 billion of bridge loans if the sale of bonds isn't consummated before the $5.3 billion takeover is completed. S&P rates Ceridian BBB-. Shareholders on Sept. 12 approved the takeover."
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