Wind Seeks Amendment to Allow HY Bonds

Sheahan, Matthew
June 2009
High Yield Report;6/22/2009, Vol. 20 Issue 25, p6
The article deals with the reported plan of Italian telecom company Wind to revise its senior and second-lien credit agreements so it can issue new high yield bonds. The company hopes that it can price the bonds 2.7 billion euros to repay its 2 billion euros worth of PIK loan and pay about 500 million euros to Weather Investments. It is noted that the company's lenders will be given an increase of 100 basis points (bps) on the margin of the senior and second-lien financing they have provided.


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