Mr. Rose's aim is to "keep the costs down, but yet still have an educational model and a facility that compares to Country Day, " one of Detroit's most prestigious private schools.

WSJ: The Weekend Interview with Jalen Rose: From the Fab Five to the Three Rs

Understandably, then, the issuer base for 2012-model second-lien loans is dominated by (1) loans with CCC facility ratings (mainly from issuers with a single-B corporate-rating profile) and (2) unrated middle-market paper.

FORBES: Connect

Starting this month, the new distribution center will begin stocking parts for both the Tesla Roadster and Model S. In addition to parts warehousing, Tesla plans to utilize this facility for vehicle importing operations, final vehicle assembly and distribution, service headquarters, technical training operations, parts remanufacturing, collision repair and more.

ENGADGET: Tesla to open a European distribution center for EVs in the Netherlands this month