Lehman's Primus Deal Trades

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Lehman's Primus Deal Trades

A $5-10 million block of Primus Telecommunications Holding's $100 million term loan traded at 96 1/2.

A $5-10 million block of Primus Telecommunications Holding's $100 million term loan traded at 96 1/2. The wholly owned subsidiary of Primus Telecommunications Group's deal is led by Lehman Brothers. Primus' facility was put in place last February and took out the company's outstanding debt under a prior facility provided by Canadian Manufacturers Life Insurance Co. The term loan is priced at LIBOR plus 6 1/2%. John DePodesta, from Primus' investor relations department, did not return calls.

 

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