date:Nov 08, 2013
ue discount of 99-99.5. Call protection on the term loan B is set at 101 soft call for six months.
The second-lien pays LIB+775 with a 1 percent Libor floor and will be priced at a discount of 98-98.5. The second-lien call protection is set at 103, 102, 101. Both loans are expected to be covenant-lite.
The loans were offered to institutional investors Thursday morning at a bank meeting hosted by Citigroup, Morgan Stanley and KKR Capital Markets. Participants in the meeting received drink boxes