New Flyer to launch repricing of term loan B and synthetic letter-of-credit facility

By Sara Rosenberg

New York, Nov. 15 - New Flyer Industries Corp. is scheduled to hold a conference call 3 p.m. ET Tuesday regarding a repricing of its term loan B and synthetic letter-of-credit facility, according to a market source.

Citigroup is the lead bank on the deal.

Currently the two tranches are priced at Libor plus 275 basis points. The lowered price is unavailable at this time, the source added.

New Flyer is a Winnipeg, Manitoba, manufacturer and aftermarket service provider of heavy-duty transit buses.

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