Itron Nabs Loosened Leverage Covie

23 Apr 2009

Itron last week passed a Wells Fargo-led amendment that loosened its leverage covenant and increased the coupon on the deal.

Itron last week passed a Wells Fargo-led amendment that loosened its leverage covenant and increased the coupon on the deal. The company's leverage covenant was loosened to 4.7 times from 4 times and pricing was increased to LIBOR plus 3 1/2%, up from LIBOR plus 1 3/4%. "It ...

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