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Entertainment/Lodging

Ratings Actions & Outlooks

October 6, 2008 - Recent ratings downgrades and outlook changes from Moody's and S&P.

Hard Rock Park In S.C. Files For Chapter 11

September 29, 2008 - Myrtle Beach, South Carolina's Hard Rock Park announced last week that it has closed for the season and filed for Chapter 11 bankruptcy protection in Delaware's bankruptcy court.

Speculative-Grade Defaults In Nonfinancials Headed Higher: S&P

September 29, 2008 - Standard & Poor’s warned last week that the three-year US cumulative default rate between 2008 and 2010 among speculative-grade nonfinancials could rise to 23.2%, the worst on record since 1981.

Ratings Actions & Outlooks

September 29, 2008 - Select rating downgrades and outlooks from Moody's and S&P.

WaMu Taken Over, Sold To JPMorgan

September 26, 2008 - Federal regulators shut down $307 billion-asset Washington Mutual Bank, the largest failure in American history, late Thursday, selling its assets and deposits to JPMorgan Chase.

Sun Capital Acquires Gordmans

September 18, 2008 - Sun Capital Partners is taking control of a Midwest retail chain with locations in 16 states.

FBR Boosts TMT Banking Team

September 12, 2008 - FBR Capital Markets bolstered its technology, media and telecommunications shop with the appointment of investment bankers from Wachovia and Credit Suisse.

Advent Taps Ming As Operating Partner

September 8, 2008 - Advent International said Monday that it has appointed former Old Navy president Jenny Ming to serve as an operating partner in its apparel retail investment group.

Ratings Actions & Outlooks

September 8, 2008 - The latest in ratings downgrades and outlooks from various credit-rating agencies.

Boscov's $250 Million DIP Loan Approved

September 8, 2008 - A Delaware bankruptcy judge approved a $250 million debtor-in-possession loan for Boscov's Department Store, which petitioned for bankruptcy protection in August.

Linens 'n Things May File Reorg

August 29, 2008 - Linens Holding Co., a holding company for the home furnishings specialty retailer that operates the Linens ‘n Things retail store chain, will reportedly file its bankruptcy reorganization today.

Baird: Less M&A, More Restructurings

August 28, 2008 - Global and US M&A deal flow continued to decline in July, and more debt restructurings are likely going forward, according to Robert W. Baird & Co.

Advent Acquires Amscan Stake

August 25, 2008 - Private equity firm Advent International acquired a 38% ownership interest in Amscan Holdings Inc., which owns several party supply retail store franchises including Party City and Halloween USA.

Tropicana Gambles On Casino Aztar

August 25, 2008 - Bankrupt gaming player Tropicana Entertainment has requested permission to put its Casino Aztar riverboat casino in Evansville, Ind., up for auction. Tropicana wants to elicit higher bids for the asset than the $220 million Eldorado Resorts agreed to pay in March.

Heely's Keeps Rolling After Buyout Pitch

August 20, 2008 - Wheeled-footwear firm rejects Skechers’ bid, but does not rule out M&A.