One Year Ago In The Credit Markets

December 15, 2006 12:00 am

Bear Stearns obtained lender consent to put a new $550 million green shoe provision into place for MetroPCS and concurrently draw on an existing $150 million green shoe that was priced over par for existing investors.

Bear Stearns obtained lender consent to put a new $550 million green shoe provision into place for MetroPCS and concurrently draw on an existing $150 million green shoe that was priced over par for existing investors. [The company's debt was trading in the 105.25-106.083 context as of last Thursday, according to Markit.]

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