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International Lease talks $1 billion term B at Libor plus 275-300 bps
By Sara Rosenberg
New York, Feb. 13 - International Lease Finance Corp. launched on Thursday its $1 billion seven-year term loan B (BBB-/BB) with price talk of Libor plus 275 basis points to 300 bps with a 0.75% Libor floor and an original issue discount of 991/2, according to a market source.
The term loan has 101 soft call protection for six months.
Commitments are due at noon ET on Feb. 27, the source said.
Deutsche Bank Securities Inc. and Goldman Sachs Bank USA are the lead banks on the deal.
Proceeds will be used for general corporate purposes.
International Lease is a Los Angeles-based independent aircraft lessor.
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