--$3.1 bil loan of Allison Transmission, buyout by Carlyle group, was postponed
--the snag reflected the difficult conditions in the market for risky corporate loans
--The Allison debt deal wasn't the only one
sidetracked yesterday.
--
Expedia Inc., the online travel agency, drastically scaled back share buyback plans because it couldn't borrow the funds it needed for the buyback at acceptable terms.
--The buyout itself still is on track to be copleted in Q3. Underwriters will be left holding the bag than can be sold when market condition improves.
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