Commercial Banks Line Up For Telecom Deal

29 Feb 2008

Lehman Brothers, Bank of America and Morgan Stanley held a managing agent meeting last Friday to introduce the loans for telecommunications company FairPoint Communications.

Lehman Brothers, Bank of America and Morgan Stanley held a managing agent meeting last Friday to introduce the loans for telecommunications company FairPoint Communications. The financing consists of a six-year, $200 million revolver; a six-year, $500 million term loan "A;" a seven-year, delay draw term loan; and a ...

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