Refco in-market with $648 million term C to refinance term B

By Sara Rosenberg

New York, March 10 - Refco Group Ltd LLC is in-market with a $648 million seven-year term loan C with an interest rate of Libor plus 200 basis points that would be used to refinance the existing term loan B that is priced at Libor plus 275 basis points, according to a market source.

Bank of America and Credit Suisse First Boston are the lead banks on the deal.

The refinancing launched via a conference call on Tuesday.

Refco is a New York diversified financial services organization.

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