SunTrust and CoBank are in the market with a $225 million refinancing for rural phone company D&E Communications. The facility comprises a $25 million revolver, a $50 million "A" loan and $150 million "B" loan. The pro rata is priced at LIBOR plus 21/2% and matures in seven-and-a-half years, while the "B" is priced at LIBOR plus 23/4% and has an eight-year maturity. Thomas Morell, D&E's senior v.p., cfo and treasurer, did not return calls.
SunTrust Leads D&E Facility...