Kentucky Data Link's $240 million term loan broke for trading at 100 3/4 and was wrapped around 101 last Wednesday. A trader said the paper wasn't very active after the break. Bank of America led the credit, which initially comprised a five-year, $20 million revolver; a seven-year, $200 million term loan "B" and a seven-and-a-half-year, $40 million second-lien term loan. It is priced at LIBOR plus 2 1/4%. KDL, owned by Q-Comm Corp., is using the funds to back the acquisition of Norlight Telecommunications. Calls to a KDL spokesman were not returned.
Promoted By CGIF
Promoted By Commerzbank
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)||7,026||25||11.95|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||SG Corporate & Investment Banking||1,292.64||1||9.39%|
|5||Wells Fargo Securities||1,012.71||4||7.36%|