Friday, June 29, 2007

RLPC-UPDATE 1-Bombardier Recreational Products delays bank loan

(Reuters) - The company on Friday postponed a $1.12 billion term loan
that it was raising to refinance debt and pay a $505 million
dividend payment to owners Bain Capital, Beaudier Group and the
Caisse de dep't et placement du Quebec, sources told Reuters
LPC.




The loan was being led by Merrill Lynch and was expected to
pay lenders 250 basis points over Libor.


Read more at Reuters.com Bonds News

No comments: