Daily News: June 17, 2013

Four Seasons Hotels Sets Rate on $1B Term Loan

Bloomberg reported that luxury hotelier Four Seasons Hotels and Resorts set the rates on the $1 billion in loans it is seeking, citing a person with knowledge of the deal. According to the article, the financing consists of a $750 million first-lien term loan and a $250 million second-lien term loan.

Bloomberg noted that Citigroup and Deutsche Bank AG are said to be arranging the financing.

To read the entire Bloomberg story, click here.