(Reuters) - Pricing on the seven-year, $3.44 billion term loan backing
the deal was increased by 25 basis points, the sources said,
bumping up the company's borrowing costs. Investors also forced
Thomson Learning to change terms on its revolver and
pay-in-kind notes.
The company and its private equity buyers already faced
high borrowing costs through the large chunk of debt borrowed
for the buyout.
Read more at Reuters.com Bonds News
the deal was increased by 25 basis points, the sources said,
bumping up the company's borrowing costs. Investors also forced
Thomson Learning to change terms on its revolver and
pay-in-kind notes.
The company and its private equity buyers already faced
high borrowing costs through the large chunk of debt borrowed
for the buyout.
Read more at Reuters.com Bonds News
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