Banks to Shop Midcontinent TL Next Week

Kellerhals, Richard
July 2010
High Yield Report;7/12/2010, Vol. 21 Issue 28, p8
The article reports that a consortium of banks is planning to shop a 350-million U.S. dollar term loan B for Midcontinent Communications. SunTrust, Wells Fargo, U.S. Bank and the Royal Bank of Canada have decided to price the loan between Libor plus 450 basis points (bps) and Libor plus 475 bps. The loan will be used by Midcontinent to refinance debt and fund a dividend payment.


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