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-8.65576040855632E-05 -0.000245607201592633 0.000162295507660323 -0.000346230416342007 0.000259672812256567 -0.000584263827577213 -0.000649182030641416 -0.00084393663983378
Stock impact report

MoneyGram Misses Deadline on $398 Million Leveraged Loan Deal [BNN Bloomberg (Canada)]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: BNN Bloomberg
A group of banks led by Goldman Sachs Group Inc. is attempting to lower the interest rate margin on the company's $398 million loan maturing in 2030 to as low as 400 basis points over the benchmark rate, a different person with knowledge of the matter said last week. They also asked not to be identified discussing a private matter. The new loan is offered at 99.75 cents on the dollar. The current margin on the loan, which helped finance Madison Dearborn Partners' leveraged buyout of MoneyGram a year ago, is 550 basis points over the benchmark. As a result, the proposed repricing would lower the company's interest-rate expenses significantly. MoneyGram Joins Repricing Bonanza With $398 Million Loan The US leveraged loan market has been dominated this year by companies repricing or refinancing existing borrowings. Investor demand for floating-rate securities has helped push prices in the secondary market to two-year highs, creating an environment for riskier borrowers to cut inte Show less Read more
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