Howden cuts debt costs by $8m a year
Howden has shaved 25 basis points off the margin on its $3.1bn (£2.3bn) term loan B and repriced its £765m revolving credit facility, in a move expected to save the broker around $8m (£5.9m) a year.
The transaction, which took place on Friday (8 August), saw Howden’s term loan B margin reduced to 275 basis points over the secured overnight financing rate (a rate that reflects the cost of
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