B of A Launches Telepak

Syndication of a $325 million facility for Jackson-Miss.-based telecommunications company Telepak launched last Thursday.

  • 09 Apr 2004
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Syndication of a $325 million facility for Jackson-Miss.-based telecommunications company Telepak launched last Thursday. The Bank of America-led facility comprises a $150 million revolver and $175 million term loan. Price talk is LIBOR plus 21/2-3/4% on the term loan. The revolver is priced on a grid ranging from LIBOR plus 11/2-2%. "Fundamentally, it looks like a great little company," one loan investor said. "It's in Mississippi, so it's really not going to be on the top 10 list of any large national provider." Telepak officials were not available for comment and B of A bankers did not return calls.

 

  • 09 Apr 2004

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