Education Management Corp. is cutting 50 basis points off its $1.185 billion credit facility. The deal, led by Credit Suisse, Goldman Sachs, Merrill Lynch and Bank of America, will cut pricing down to LIBOR plus 2%. The company entered into the credit in May 2006 along with a $250 million revolver (CIN, 5/29). The term loan "B" was trading in the 100.781-100.125 context last Friday.
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||1,284||2||30.09|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Bank of America Merrill Lynch||7,473.95||24||9.86%|
|5||Wells Fargo Securities||6,258.35||24||8.26%|