Junk-rated Las Vegas Sands Corp., the casino operator controlled by billionaire Sheldon Adelson, is getting investment-grade treatment from banks as cash flow from its properties in Asia outpaces those in the U.S.
Blackstone Group LP is offering the highest interest seen on a loan this year if lenders agree to swap debt in Travelport Ltd. for longer-dated obligations, or else it may put the parent of the second-largest travel- reservation system provider into bankruptcy.
NPC International Inc., a Pizza Hut franchisee, set the interest rate it will pay on a $375 million term loan the company is seeking to refinance debt, according to a person with knowledge of the transaction.
Mohegan Tribal Gaming Authority, the operator of Mohegan Sun casinos in Connecticut and Pennsylvania, is asking bondholders to refinance as much as $1.1 billion of bonds in an exchange offer as part of a deal to restructure a bank credit line maturing in March.
Icahn Enterprises LP , the holding company for financier Carl Icahn , plans to sell $500 million of bonds due in 2016 and 2018 in a reopening, as the company takes advantage of record-low borrowing costs.
Nelson Peltz ’s Trian Fund Management LP, the biggest shareholder in Wendy’s/Arby’s Group Inc., said it was approached by a third party about the possibility of participating in a takeover of the fast-food chain.