RLPC-UPDATE 1-Stolle Machinery pulls $250 mln bank loan-sources

Newswire

(Adds details) NEW YORK, July 25 (Reuters) - Stolle Machinery Co. has pulled its Goldman Sachs-led, $250 million bank loan due to market conditions, sources told Reuters Loan Pricing Corp. on Wednesday. Proceeds were intended to be used to pay a dividend to sponsor Littlejohn & Co. The Stolle Machinery deal was not alone in facing a difficult market environment on Wednesday. DaimlerChrysler AG's $7.4 billion deal to spin off Chrysler faced problems when bankers were forced to ...

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