U.K. telephone interpreting services company Language Line is seeking an amendment to its $325 million credit, according to a trader. He said the company is paying 10 basis points to amend its credit, which includes a $285 million term loan "B" and a $40 million revolver. The company will not boost the coupon on its loan to make the amendment, said the trader. He added that the company sought an amendment related to a breach of covenant governing its leverage ratio. Its term loan fell a half point to 100 1/2. An official at Language Line could not be reached at press time.
Language Line Seeks Amendment