Today's LIBOR Rates
September 3, 2010
1 M |
0.25781 |
 |
3 M |
0.29281 |
|
6 M |
0.49363 |
|
1 YR |
0.83488 |
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March 10, 2010
According to BusinessWeek, TWCC Holding Corp. is seeking a $1.3 billion term loan with an interest rate based on LIBOR, the London Interbank Offered Rate. LIBOR is a filtered average of rates that banks charge each other for unsecured, short-term loans.
Interest on the $1.3 billion loan will be LIBOR plus 3.5 to 3.75% with a LIBOR floor of 1.5%. Deutsche Bank AG and Credit Suisse Group AG are overseeing the offering. The cable television company plans to use the new funds to refinance or retire previous debt. Part of that debt includes a $1.08 billion loan with an interest rate of LIBOR plus 4% with a LIBOR floor of 3.25%.