TITLE

Banks Postpone Commitment Date for Gentive TLB

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
July 2010
SOURCE
High Yield Report;7/26/2010, Vol. 21 Issue 30, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the decision of banks looking for a 600 million U.S. dollars term loan B for Gentiva Health Services to postpone the loan's commitment date, which is July 21, 2010. Sources claimed that the banks, Bank of America Merrill Lynch, Barclays, GE and Sun Trust, intend to time the deadline with the launch of 305 million U.S. dollars in senior unsecured notes. Price talk on term loan ranges between Libor plus 450 basis points and Libor plus 475 bps, with an original issue discount of 98, a 1.75% Libor floor and a 101 soft-call premium.
ACCESSION #
52564398

 

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