Donaldson, Lufkin & Jenrette is leading a $100 million loan for Pioneer Americas that combines elements of a bank loan and a high-yield bond.

The term loan, part of a $335 million financing package for Pioneer, is the latest example of how the high-yield bond and bank loan markets are converging.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.