Thursday, July 19, 2007

RLPC-UPDATE 1-Tower Automotive sweetens pricing on loan

(Reuters) - The first-lien term loan has been increased to 400 basis
points over the London interbank offered rate from 325 basis
points to 350 basis points over LIBOR, while the second-lien
term loan is being raised to 750 basis points over LIBOR from
625 to 650 basis points over LIBOR, sources said.




The first-lien loan, which did not have call language
earlier, now benefits from 101 soft-call and is being issued at
98.5.


Read more at Reuters.com Bonds News

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