TITLE

Banks to Shop Midcontinent TL Next Week

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
July 2010
SOURCE
High Yield Report;7/12/2010, Vol. 21 Issue 28, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
52239206

 

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