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JUN 24, 2013 - Yahoo! News

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Jefferies sets pricing on $5.2 billion loan for Icahn's Dell bid

(Reuters) - Jefferies & Co outlined price guidance on the $5.2 billion in term loans backing Carl Icahn's bid for computer manufacturer Dell Inc, sources said. Syndication of the covenant-lite loan package is set to launch to investors on Monday via a 4 p.m. ET lender call that the billionaire investor is expected to join. A $2.2 billion, six-year term loan B-1 is guided at LIB+400 with a 1 percent Libor floor. A $3 billion, 3.5-year term loan B-2 is guided at LIB+350 with a 75 basis-point Libor floor. Both tranches are offered at a discount of 99. ...

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