LEVERAGED LOANS

摘要

Charter communications sealed a US$3.8bn term loan that will support its acquisitions of Time Warner Cable and Bright House Networks. The cable company is merging with rival Time Warner Cable in a deal valued at US$78.7bn including debt, and is buying telecoms provider Bright House for US$10.4bn. Bank of America Merrill Lynch led the financing, with Goldman Sachs, Credit Suisse, Deutsche Bank and UBS are joint arrangers. It was increased from US$3.5bn. The final loan package comprises a US$1bn six-year Term Loan H and a US$2.8bn Term Loan I that will mature in January 2023. The original proposal was for a US$3.5bn seven-year Term Loan H.