Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AWAS Aviation Holdings LLC > News item |
AWAS talks $530 million term loan at Libor plus 500-550 bps, OID 98
By Sara Rosenberg
New York, May 18 - AWAS is talking its $530 million six-year term loan (Ba2/BBB-) at Libor plus 500 basis points to 550 bps with a 1.75% Libor floor and an original issue discount of 98, according to a market source.
There is 101 soft call protection for one year.
The loan was launched this past Friday, but until now, price talk was still to be determined.
Goldman Sachs and Credit Agricole are the lead banks on the deal.
Proceeds will be used to refinance existing debt.
AWAS is a Dublin-based aircraft leasing 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.