(Reuters) - Call language on both term loans also is being tightened. The first-lien piece is now callable at 102, 101 and par , while the second-lien loan is now callable at 103, 102, 101, par . Both term loans are being offered at discounts of 99.5 and 99, respectively.
Chrysler Financial removed the incremental term loan basket. Also, the debt to net worth covenant governing the first-lien loan will be added to the second-lien loan, which will be governed by the borrowing base.
Read more at Reuters.com Bonds News
Chrysler Financial removed the incremental term loan basket. Also, the debt to net worth covenant governing the first-lien loan will be added to the second-lien loan, which will be governed by the borrowing base.
Read more at Reuters.com Bonds News
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