CREDIT DAYBOOK AMERICAS: Oracle to Boost Loan; Tenneco Buyout

Oracle is talking to banks about boosting the size of a $4.4 billion term loan it received to help fund its acquisition of Cerner, which would allow it to borrow less money in the turbulent bond market for the purchase. A group of banks led by Citigroup, meanwhile, may sell part of a leveraged loan that’s financing Apollo’s buyout of Tenneco as soon as next month.

• The spread on the Markit CDX North American Investment Grade Index, which rises with increased credit risk, was little changed at 92 basis points at 7:25 a.m. in New York
• Oracle can increase ...