Toronto Dominion is leading a repricing for SP News Print. The amendment will reprice the term loan "B" from LIBOR plus 3% to LIBOR plus 2 1/4%. The facility was taken out in January 2004 to refinance existing debt and consists of a $75 million revolver and a $225 million "B" loan. The term loan consists of two tranches--a $145 million prefunded letter of credit to support an industrial revenue bond--and $80 million of term loan. Newspaper publishers, Cox Enterprises, Knight-Ridder and Media General are partners in the company. Headquartered in Atlanta-Ga., SP manufactures recycled paper for newspaper companies. Calls to CFO Mark Carter were not returned.
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