Navigation Links
Language Line, LLC and Coto Acquisition LLC Enter into Senior Secured Credit Agreement
Date:11/4/2009

MONTEREY, Calif., Nov. 4 /PRNewswire/ -- Language Line, LLC and Coto Acquisition LLC (the "Borrowers") entered into a Senior Secured Credit Agreement (the "Agreement") among the Borrowers, Language Line Holdings LLC ("Holdings"), the subsidiary guarantors party thereto, the lenders party thereto, Bank of America, N.A. as administrative agent, Morgan Stanley Senior Funding, Inc. as documentation agent, and Credit Suisse Securities (USA) LLC as syndication agent.

The Agreement allows for the repayment or redemption of Language Line Inc.'s Credit Agreement dated June 11, 2004 as amended and restated on November 14, 2006, Language Line Inc.'s Senior Subordinated Notes due 2012, Language Line Holdings, Inc. Senior Discount Notes due 2013, Language Line Limited Services UK II Limited Senior Credit Facility, Language Line Limited Services II Mezzanine Facility, Coto Holdings LLC Credit Agreement dated January 10, 2008, and Coto Holdings LLC issued and outstanding Preferred Stock.

Under the Agreement, the lenders have extended credit to the Borrowers in the form of Term Loans in the initial aggregate amount of $525,000,000 and Revolving Credit Commitments in an initial aggregate amount of $50,000,000.

    Contact:

    Michael Schmidt
    mschmidt@languageline.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Language Line, LLC


'/>"/>
SOURCE Language Line, LLC
Copyright©2009 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. Parkland Health & Hospital System Expands Language Access with Language Line(R) Phones in Every Patient Room
2. Brain Yields Up Clues to Language
3. TCS Associates: A Sign Language Interpreting Agency Launches New Video Remote Interpreting (VRI) Service called TCSterps On-Demand
4. Free Spanish-Language Online Video Teaches Hands-Only(TM) CPR
5. TOMORROW: Lets Get It Done: Organizing for America to Host Spanish-Language Forum on Health Insurance Reform Now in Tucson with Rep. Raul Grijalva
6. PRC Launches New Web Resource for Teaching Language to Children & Adults with Speech Disabilities
7. Developmental language disorders at preschool age: no proof of benefit from screening
8. Autism May Hinder Ability to Read Body Language
9. Looking at language
10. Language Line Services Honored by Nebraska Association for Translators & Interpreters (NATI)
11. New Spanish-Language Consumer Guides Compare Treatments for Depression, Prostate Cancer and Other Conditions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2017)... ... May 26, 2017 , ... Somnoware, a ... portable sleep monitor with its Somnoware Sleep Device Interface (SDI). Somnoware SDI is ... device operations. With this platform, initializing devices and importing studies are just one-click ...
(Date:5/26/2017)... MD (PRWEB) , ... May 26, 2017 , ... After ... anti-stress Antzy Top gadget will continue to be available at a discounted crowdfunding price ... deal with stress wherever they are, I also wanted to bring a fidget toy ...
(Date:5/26/2017)... ... ... “When the Stars Lead Home”: a poignant story of loss, determination, and ... Douglas, an avid reader who lives in the Pacific Northwest with her husband, daughter, ... Adventure Camp. She couldn’t be more grateful. , Twelve-year old Tizzy could not believe ...
(Date:5/26/2017)... ... ... Water damage to the flooring of several classrooms at The Fort Lee ... a number of critical issues to address before students could return to classes. , ... or no disruption to class schedules. Second, the project had to comply with New ...
(Date:5/24/2017)... Diego, California (PRWEB) , ... May 24, 2017 ... ... care through innovative medical image management and interpretation, has received U.S. Food and ... , Nucleus.io is a web-based, scalable and secure cloud platform for medical ...
Breaking Medicine News(10 mins):
(Date:5/15/2017)... , May 15, 2017  Amy Baxter MD, chief ... leader in noninvasive pain relief, was awarded a 2017 ... magazine. Baxter was recognized at the MM&M Top 40 ... York City on May 10, 2017. The ... biopharma industry go "beyond the pill."  "Innovation ...
(Date:5/10/2017)... 2017 Hologic, Inc. (Nasdaq: HOLX ... fiscal second quarter ended April 1, 2017 .   ... 666.7% compared to the prior year period as the ... significant gain, while non-GAAP diluted EPS of $0.50 increased ... in constant currency terms.  Excluding the effects of blood ...
(Date:5/10/2017)... 10, 2017 CSSi, the global leader in ... research industry, is proud to announce the launch of ... website features both enriched content and a customized layout ... the company,s already well-established position as the top global ... "After many months of hard work, we are delighted ...
Breaking Medicine Technology: