BofA, Citi Shop Global Crossing Acquisition TL, Prep Notes

Kellerhals, Richard
April 2011
High Yield Report;4/18/2011, Vol. 22 Issue 16, p26
The article reports that Bank of America Merrill Lynch and Citigroup have started shopping for 325 million U.S. dollars of a 650 million U.S. dollars term loan that is used to finance the acquisition of Global Crossing, a provider of Internet protocol (IP), Ethernet, video solutions and data center, by Level 3 Communications, a provider of fiber-based communications services.


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