$286 Million BWIC Due Tomorrow: Another Galleon Casualty?
A $286 million loan BWIC is being marketed, with a 10:00 am deadline tomorrow for bid submissions. The lineup of holdings is not too remarkable so it is not immediately possible to determine who the unlucky imploder may be. However, as it has been over a month since the last BWIC hit the market, there are rumors that this could be a Galleon-related unwind. The largest names in the BWIC include Hertz, ServiceMaster, Windstream, QVC and Sungard loans, at $15, $11.2, $9.7, $9.5 and $9.1 million respectively.
Full list below.