Springs Window Loan Sets New Low as Housing Crunch Hurts Demand

A Springs Window Fashions loan set a new low Thursday as the company struggles to manage its debt load due to a drop in home sales and reduced demand for its products.

• Springs Window’s $1.625 billion term loan due October 2028 dropped about 10 cents on the dollar to 76 cents, according to people familiar with the matter
• The loan was trading at about 85.5 cents on the dollar Wednesday
• NOTE: Dueling groups of creditors to the supplier of window blinds and shades have organized with law firms as the company struggles with a more than $2 billion debt load, ...