Thu 10/20/2022 17:09 PM
Mitel disclosed today a non-pro-rata priming transaction reminiscent of the creditor-on-creditor violence in Serta Simmons, Boardriders and TriMark, according to sources.
The phone services provider said today that lenders holding over a majority of the existing $884 million L+450 bps first lien term loan due November 2025 and existing $260 million L+675 bps second lien term loan due November 2026 are providing about $156 million of new money in the form of a superpriority loan while...
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