Bragg Seeks Lower Rate on Deal Arranged by TD Securities.
Bloomberg reported, according to a person with knowledge of the transaction, Bragg Communications, a provider of television and telephone services, plans to lower the rate it will pay on a $300 million term loan.
According to Bloomberg, TD Securities is arranging the financing.
Bloomberg said, according to the person, the interest rate on the debt will be reduced to 2.75% over LIBOR from 3% and the loan will be sold at par.
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