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Centennial Communications launches $595 million term loan C
By Sara Rosenberg
New York, Jan. 27 - Centennial Communications Corp. held a bank meeting to launch its proposed $595 million 5.8-year term loan C, according to a syndicate document. Credit Suisse First Boston and Lehman Brothers are joint lead arrangers on the deal.
The term loan C is priced with an interest rate of Libor plus 225 basis points, the document said.
Proceeds will be used to refinance debt.
Centennial is a Wall, N.J., wireless and broadband telecommunications service provider.
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