Daily News: September 12, 2013

Reuters: Fee Details Released on Verizon Loan

Reuters sources revealed that retail fee details are out on Verizon Communications’ $12 billion in term loans.

The loans, launched at a recent bank meeting, consist of: a $6 billion, three-year term loan; and a $6 billion, five-year term loan, Reuters reported. Verizon is offering 35bp upfront for commitments of $125 million or greater, and 30bp for commitments under $125 million, according to Reuters sources.

Previously on abfjournal: JPMorgan, Others Provide Financing in Verizon Acquisition, September 3, 2013