UTStarcom gets $75 million revolver

By Sara Rosenberg

New York, March 25 - UTStarcom Personal Communications LLC closed on a $75 million secured revolver credit facility due Sept. 19, 2008, according to an 8-K filed with the Securities and Exchange Commission

Wells Fargo Foothill acted as the arranger and the administrative agent on the deal that was completed on March 21.

Pricing on the revolver is Libor plus 400 basis points, with a 3% Libor floor.

UTStarcom is an Alameda, Calif.-based provider of IP-based, end-to-end networking service and support.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.