As the hoped-for sale of Reed Business Information’s magazines limps to its third round, Reuters reports that one bank participating in the staple financing package of $1.26 billion has “backed off tentatively,” leaving a potential reduction of $200 in the loans on offer. With “only a few bidders remaining,” they are “re-examining offers amid increasing uncertainty” in credit markets.Reuters In other credit market victims, last week Learning Curve parent company RC2 announced it was canceling their planned acquisition of the children’s publishing division of Publications International. CEO Curt Stoelting said “recent shifts in the capital markets have impacted the availability […]
