|
COPYRIGHT 2008 SourceMedia, Inc.
Byline: Richard Kellerhals
A $300 million credit facility for Texas American Resources and a $325 million term loan B for Nations Petroleum have been cancelled due to market conditions. Both were energy-related deals. The Texas American facility consisted of a $175 million second-lien term loan and a $125 million revolver. Price talk on the second lien was at Libor plus 850 bps, with and OID of 97 and a 3.25% Libor floor; talk on Nation's term loan B was at Libor plus 750 bps, with an OID of 98 and a 3.25% Libor floor. Meanwhile, Bank of America and Wachovia have postponed a $735 million credit facility for Herff Jones, an Indianapolis-based provider of commemorative items for educational and athletic institutions, including caps, gowns, diplomas, awards, rings, medals and yearbooks. The facility consists of a $100 million revolver due 2013, a $210 million term loan A due 2013 and a $425 million term loan B due 2015. Price talk on the term loan B was at Libor...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
