Midwest Generation launches revolver, term loan repricing

By Sara Rosenberg

New York, Nov. 16 - Midwest Generation LLC held a lender call on Wednesday to launch a repricing proposal for both its term loan and its revolver, according to sources.

Citigroup is the lead bank on the deal.

Under the proposal, the company is looking to take pricing down on the term loan and the revolver to Libor plus 175 basis points from Libor plus 200 bps, sources said.

Midwest Generation is a Chicago-based electric company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.