Jefferies readies loans for Icahn’s Dell bid: sources

Home Forums Jefferies readies loans for Icahn’s Dell bid: sources

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    Anonymous

    Technology News

    Files photograph of a Dell laptop computer in New YorkBy Leela Parker and Michelle Sierra (Reuters) – Jefferies & Co will provide $5.2 billion in term loans to back Carl Icahn's bid for computer manufacturer Dell Inc, sources told Thomson Reuters LPC. The funding will be launched on Monday at a 4:00 p.m. lender call that the billionaire investor is expected to join, the sources said. The $5.2 billion is split between a $2.2 billion six-year term loan B-1 and a $3 billion three-year term loan B-2. The six-year tranche will have standard 1 percent amortization, while the shorter-dated tranche amortizes at 10 percent, they said. …


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