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Freif North American reprices institutional debt to Libor plus 375 bps
By Sara Rosenberg
New York, May 21 - Freif North American Power I repriced its strip of term loan and letter-of-credit facility debt to Libor plus 375 basis points with a 1% Libor floor from Libor plus 450 bps with a 1.5% Libor floor, according to a market source.
Deutsche Bank Securities Inc. is the lead bank on the deal.
Freif is a Greenwich, Conn.-based owner of power generation assets.
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