PAETEC Gets Softer After Reprice News

21 Jun 2007

The term loan for PAETEC slipped about a 1/2 a point after a 100 basis point cut on the existing debt was announced last week.

The term loan for PAETEC slipped about a 1/2 a point after a 100 basis point cut on the existing debt was announced last week. The $800 million term loan dipped to around 100 3/8-5/8 from the 100 1/2-101 context, a trader said. Investors were informed Tuesday the ...

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