Fee details out on Verizon's $12 billion bank loan

By Michelle Sierra NEW YORK (Reuters) - Retail fee details are out on Verizon Communications Inc's $12 billion in term loans, sources said. The loans consist of a $6 billion, three-year term loan and a $6 billion, five-year term loan. The loans launched at a bank meeting this morning. The company is offering 35bp upfront for commitments of $125 million or greater, and 30bp for commitments under $125 million, according to sources. The minimum commitment is $25 million. As previously reported, pricing on the three-year term loan and five-year term loan is LIB+137.5 and LIB+150, respectively. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/fee-details-verizons-12-billion-bank-loan-145719595--finance.html