Leveraged loans — News in brief, May 9, 2014

Schaeffler sets tranches, price on $2bn term loan 'E'

Schaeffler has set final tranche sizes for its $2bn-equivalent six year term loan 'E' and tightened the pricing for the dollar and euro pieces.

The dollar tranche will be $1.6bn, priced at 300bp over Libor, with a 0.75% floor. ...