Banks Look To Fire Up Solutia With Fatter OID

Citigroup, Goldman Sachs and Deutsche Bank cut five points off the discount on Solutia's $1.2 billion exit financing term loan last Monday, and they are funding the discount by increasing the size of the exit financing's $400 million asset-based revolver to $450 million.

  • 08 Feb 2008
Citigroup, Goldman Sachs and Deutsche Bank cut five points off the discount on Solutia's $1.2 billion exit financing term loan last Monday, and they are funding the discount by increasing the size of the exit financing's $400 million asset-based revolver to $450 million. The OID now stands at ...

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