Daily News: February 21, 2013

Earthlink Said to Set Rate on $300MM Refinancing


Bloomberg reported, citing a person with knowledge of the transaction, that internet service provider EarthLink was said to set the rate its will pay on a $300 million term loan B it is seeking to refinance debt.

Bloomberg noted, according to the person, that the debt maturing in February 2019 will pay interest at four percentage points over the LIBOR rate.

According to Bloomberg, Bank of America, Credit Suisse, Deutsche Bank and Regions Financial are arranging the financing.

To read the entire Bloomberg story, click here.