Latest London Interbank Offered Rate Stories
DUBLIN, Aug. 9, 2012 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a leading global lessor of modern commercial jet aircraft, today announced it closed a new $395 million senior secured term loan. FLY will use the proceeds from the new loan to refinance its remaining 2012 debt maturities, as well as the outstanding debt under a facility that matures in 2013. The senior secured term loan will be secured by 23 aircraft and will be recourse to FLY. The loan, which will mature...
GREENSBORO, N.C., May 24, 2012 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI) (the "Company") announced today that it has completed the previously announced redemption in full of the remaining principal amount of $123,722,000 of its outstanding 11.5% Senior Secured Notes due 2014 (the "Notes"). As a result of the redemptions and new facility and term loans described below, the Company extended the maturity profile of its long-term indebtedness to May 2017 and expects approximately $9...
OAK BROOK, IL, May 24, 2012 /PRNewswire/ - Primary Energy Recycling Corporation ("Primary Energy Recycling" or the "Company") (TSX: PRI), a clean energy company that generates revenue from capturing and recycling recoverable heat and byproduct fuels from industrial processes, today announced the closing of a US$110 million senior secured credit facility (the "New Credit Facility"). The proceeds of the New Credit Facility have been applied to fully retire the Company's...
CALGARY, May 24, 2012 /PRNewswire/ - Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI) today announced that Gibson Energy ULC, Gibson's wholly owned subsidiary, has replaced and re-priced its existing Term Loan B and expanded its revolving credit facility, all through an amendment of its existing credit agreement. Among other amendments, the Company's existing U.S.$645 million Term Loan B has been replaced with a U.S.$650 million Tranche B Term Loan and has been re-priced...
ST. LOUIS, May 16, 2012 /PRNewswire/ -- Arch Coal, Inc. (NYSE: ACI) today closed on a new $1.4 billion term loan that was upsized from the previously announced $1 billion due to strong investor interest. Separately, Arch finalized its amended senior secured revolving credit facility, as previously planned, which modifies certain financial covenants to provide incremental flexibility over the next two years. Under the terms of the agreements, the upsized term loan will reduce the...
NASHVILLE, Tenn., April 24, 2012 /PRNewswire/ -- Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, today announced it has completed the re-pricing of its existing senior secured credit facilities. In addition, Emdeon borrowed $80 million of additional term loans for general corporate purposes, including potential acquisitions. The new interest rate on the term loans is LIBOR plus 3.75%, compared to...
GREENSBORO, N.C., April 24, 2012 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI) (the "Company") announced today that it is calling for redemption in full on May 24, 2012 the remaining principal amount of $123,722,000 of its outstanding 11.5% Senior Secured Notes due 2014 (the "Notes"). The funds for the redemption will be provided by a new senior secured credit facility and term loan described below. As a result of the redemptions and new facility and term loan, the Company will extend the...
AKRON, Ohio, April 19, 2012 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NYSE: GT) today announced that it has completed a refinancing of its principal U.S. credit facilities. Significant changes to the amended and restated agreements include: The company's existing $1.5 billion asset-based revolving credit facility was increased to $2.0 billion and its maturity was extended to 2017. Loans under this facility will initially bear interest at LIBOR plus 150 basis...
WICHITA, Kan., April 18, 2012 /PRNewswire/ -- Spirit AeroSystems, Inc. ("Spirit" or "the Company"), a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:SPR), announced today that it closed a refinancing of its senior secured credit facilities. The new facilities include a $650 million revolving credit facility maturing in 2017, extended from 2014 under the prior facility, and a $550 million term loan B maturing in 2019, which replaced the prior term loan that was...
FOOTHILL RANCH, Calif., April 12, 2012 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) announced today that the Company has amended its existing senior secured credit facility, completing the previously announced $100 million increase to its existing senior secured term loan. All term debt borrowings under the amended credit facility will now bear interest at a rate equal to (i) for Eurocurrency loans, LIBOR plus 5.25% (with a LIBOR floor of 1.5%) and (ii) for base rate...
