date:Mar 14, 2013
s over Libor and the euro and sterling TLB1 and TLB2 will pay slightly more at around 300-325 bps over Euribor/Libor as the currencies are perceived to be less liquid than dollars, bankers said.
The TLB1 and TLB2 will be offered with a 1 percent Libor floor and 99.5 original issue discount.
The TLB-1 will have 101 soft call protection, while the TLB-2 will have soft call protection of 101 in years one and two.
Corporate family ratings are Ba3/BB-/BB-, while facility ratings are Ba2/BB/BB+.
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