Credit Investment News is reporting that second lien bank for CamelBak Products debt fell 20 points last week on word that the company is running into revenue growth issues, due primarily to a slowdown in military orders. CamelBak is a privately owned company and CIN, which covers the bond and loan markets, was not able to confirm the issues with the financials. The report is apparently based on feedback from at least one banker close to the situation.

One banker quoted in the report estimated the $8 million to $10 million of first lien paper was traded after a debt holder sold off a large portion of their holdings. The report said that the second lien paper was down in the low 80’s, while the first lien debt was in the high 80’s.

CamelBak is owned by Bear Stearns Merchant Banking.