FECI Financing Backs Buyout, Readies Spin-off

Citigroup and Bear Stearns launched syndication last Tuesday of $1.6 billion in short-term loans supporting Fortress Investment Group's acquisition of Florida East Coast Industries.

  • 16 Nov 2007
Citigroup and Bear Stearns launched syndication last Tuesday of $1.6 billion in short-term loans supporting Fortress Investment Group's acquisition of Florida East Coast Industries. The financing consists of a $50 million revolver, a $992.8 million property term loan, a $600 million term loan and a $13.3 million delay-draw ...

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