The term loan "B" for The Carlyle Group's purchase of Verizon Hawaii was increased by $50 million last week. The increased facility consists of a $175 million revolver, a seven-year, $300 million term loan "A" and a seven-and-a-half year, $450 million term loan "B." Pricing has remained at 2 1/4% on all tranches. JPMorgan, Goldman Sachs and Lehman Brothers are leading the deal (LMW, 4/15). The company also sold $500 million in the 144a private placement market. The senior subordinated coupon was boosted to 12 1/2% from 10 1/2%.
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
Most Viewed: Securitization
Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Wells Fargo Securities||37,344.94||107||8.16%|
|4||Bank of America Merrill Lynch||34,673.03||110||7.57%|