CSC to get $250 million four-year term loan at Libor plus 187 bps

By Sara Rosenberg

New York, Sept. 13 - CSC has received commitments for a new $250 million four-year term loan that is priced at Libor plus 187 basis points, according to a news release.

Proceeds from the term loan, along with $700 million of senior unsecured notes, will be used to redeem $300 million of 5% senior notes and $700 million of 5½% senior notes.

CSC is a Falls Church, Va.-based provider of technology-enabled business solutions and services.

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