Novelis seeks bridge loan extension, refinancing

Banks that won’t grant extension will be repaid in full using refinancing money, where a group of three banks would charge about 35-45 basis points higher. The original bridge loan was priced after adding about 90 basis points over London Interbank Offered Rate (LIBOR).

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.