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