Markit announces LCDX constituent changes

Markit today announced that North American leveraged loan index LCDX will roll into a new series tomorrow, 8 April, with eight constituent name replacements. The changes are effective from tomorrow and do not affect previous series.

Based on dealer polls conducted by Markit, names dropping out for series 10 will be Freeport-McMoRan Copper & Gold, Knight, Claire’s Stores, Insight Midwest Holdings, Solo Cup Company, Burlington Coat Factory Warehouse, Centennial Cellular Operating and Education Management.

Those coming in as replacements in series 10 are Texas Competitive Electric Holdings, Alltel Communications, Harrah’s Operating Company, Calpine, Bausch & Lomb, Level 3 Financing, Mylan and Rite Aid.