(Reuters) - A covenant, or term, was added, limiting the amount of
permitted leverage, the latest of a string of changes that
investors have demanded on the financing package for the buyout
of Thomson Corp.'s textbook publishing
business. Investors were asked to commit to the deal by noon on
Friday.
Under the added covenant, senior secured debt is limited to
no more than 8.25 times earnings before interest, taxes,
depreciation and amortization, sources said.
Read more at Reuters.com Bonds News
permitted leverage, the latest of a string of changes that
investors have demanded on the financing package for the buyout
of Thomson Corp.'s textbook publishing
business. Investors were asked to commit to the deal by noon on
Friday.
Under the added covenant, senior secured debt is limited to
no more than 8.25 times earnings before interest, taxes,
depreciation and amortization, sources said.
Read more at Reuters.com Bonds News
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