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DuPont Performance Coatings, the US car paint business bought by Carlyle, sold its two-tranched high yield notes as part of the takeover financing on Wednesday. Commitments on the accompanying loans were due on Wednesday (see separate story in Loans section).
"We looked at all markets -- the loan market in the US and Europe, bonds US and Europe -- and sized it to the client's preference in terms of price and flexibility in respond to investor interest," said a banker at one of the bookrunners.
Barclays, Citigroup, Credit Suisse, Deutsche Bank, Jefferies, Morgan Stanley, Sumitomo Mitsui Banking and...