Banks Sweeten EVERTEC TL

Kellerhals, Richard
August 2010
High Yield Report;8/30/2010, Vol. 21 Issue 35, p7
The article reports on the move by Bank of America Merrill Lynch and Morgan Stanley to upgrade a term loan worth 350 million U.S. dollars for EVERTEC by increasing the coupon by 50 basis points (bps) to Libor plus 525 bps widening the original issue discount (OID) to 97 from 98 and increasing the Libor floor to 1.75% from 1.5%.


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