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Four Orange County companies have sold $2.3 billion worth of bonds in recent months in a test of investors’ resurging appetite for debt after fall’s financial meltdown.
The sellers,Pacific life insurance Co., Beckman Coulter Inc., Apria Healthcare Group Inc. and Real Mex Restaurants Inc.,said they consider the offerings to be successes.
The companies plan to use the money to shore up cash on hand, to pay off existing debt and, in the case of Beckman, to finance an acquisition.
Investors, encouraged by a comeback in corporate bonds, lapped up the offerings.
Merrill Lynch
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