IDC's $1.3B Loan Piques Investor Interest

Kellerhals, Richard
June 2010
High Yield Report;6/28/2010, Vol. 21 Issue 26, p19
The article reports on the syndication of a term loan B worth 1.3 billion U.S. dollars for the leveraged buyout of Interactive Data Corp. by Silver Lake and Warburg Pincus. Price talk was established by the bank consortium, comprised of Bank of America Merrill Lynch, Barclays and UBS, at 475 basis points (bps). The deal had an original issue discount (OID) of 98 and a 1.75% Libor floor.


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