date:Mar 14, 2013
n on Friday.
The debt package consists of a $1.5 billion revolving credit facility (RCF) and $10.5 billion in term loans split between a six-year TLB1 tranche and seven-year TLB2 tranche. The term loans include 8.5 billion denominated in dollar, up to $1.4 billion in euros and around $600 million in sterling.
The RCF will pay a margin of 50 basis points (bps) over Libor if it remains undrawn or 200 bps if drawn. The dollar TLB1 and TLB2 are guided to pay an interest margin of around 275-300 bp