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AWAS reprices roughly $348 million term loan at Libor plus 275 bps
By Sara Rosenberg
New York, April 26 - AWAS successfully repriced its roughly $348 million term loan due 2018 at Libor plus 275 basis points with a 0.75% Libor floor from Libor plus 350 bps with a 1.25% Libor floor, according to a market source.
The repriced loan has 101 soft call protection for one year.
RBC Capital Markets, Morgan Stanley Senior Funding Inc., Goldman Sachs & Co. and DVB Capital Markets are the leads on the deal that is expected to break for trading on Monday.
With the repricing, existing lenders are being paid out at 101, the source added.
AWAS is a Dublin-based aircraft leasing company.
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