BELFOR Financing Hits Market

09 Nov 2007

JPMorgan launched syndication for BELFOR's six-year, $270 million term loan "B" and five-year, $75 million revolver last Wednesday afternoon.

JPMorgan launched syndication for BELFOR's six-year, $270 million term loan "B" and five-year, $75 million revolver last Wednesday afternoon. CFO Joe Ciolino said the banks are still working on setting the price, but talk is LIBOR plus 3%. Commitments are due Nov. 26. "We talked with JPMorgan and ...

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