(Reuters) - The loan was launched in April but failed to gather
interest from lenders. Investors have been reluctant to commit
to the deal as Oreck has already breached covenants under its
existing bank loan.
The deal consists of a $20 million revolver, a $130 million
first-lien term loan and a $50 million second-lien term loan.
The second-lien term loan has 102, 101 call protection.
Read more at Reuters.com Bonds News
interest from lenders. Investors have been reluctant to commit
to the deal as Oreck has already breached covenants under its
existing bank loan.
The deal consists of a $20 million revolver, a $130 million
first-lien term loan and a $50 million second-lien term loan.
The second-lien term loan has 102, 101 call protection.
Read more at Reuters.com Bonds News
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