R.H. Donnelley amends loan to lower revolver, term loan rates

By Sara Rosenberg

New York, April 28 - R.H. Donnelley Inc. amended its credit facility, reducing the interest rate on its revolving credit facility and refinancing its tranche A-2 term loan, tranche A-3 term loan and tranche D term loan with a new lower priced tranche A-4 term loan and tranche D-2 term loan, according to an 8-K filed with the Securities and Exchange Commission Friday.

Under the amendment, the revolver now carries an interest rate of Libor plus 125 basis points.

The new $323.4 million tranche A-4 term loan due December 2009 carries an interest rate of Libor plus 125 basis points.

And, the new $1.422 billion tranche D-2 term loan due June 2011 carries an interest rate of Libor plus 150 basis points.

The company's existing $350 million tranche D-1 term loan due June 2011, which carries an interest rate of Libor plus 150 basis points, was left unchanged.

The amendment was completed on April 24.

Deutsche Bank is the administrative agent on the deal.

Cary, N.C.-based R.H. Donnelley is a Yellow Pages publisher and directional media company.

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