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:2/8/2016)... ... , ... Coast Dental has a new way to help parents keep their ... dentist Yvonne Dorrian, DMD, is hosting a free seminar on Friday, February 19 from ... at 1207 North Peachtree Parkway in Peachtree City. Dr. Dorrian will have healthy snacks, ...
(Date:2/8/2016)... Dallas, Texas (PRWEB) , ... February 08, 2016 , ... The Valentine’s Season is famous ... family members and significant others that they are loved. This year, for more than ... much they cost - just won't be enough to remind them of the lives they’ve ...
(Date:2/8/2016)... ... 2016 , ... Brenton Engineering , powered by Pro ... wrapped products at WestPack 2015, February 9-11, in Anaheim, California. This new solution ... or fully-automatic case packing with a small footprint, rugged, highly flexible, and cost-effective ...
(Date:2/8/2016)... ... 2016 , ... Tingley Rubber Corporation , a leading ... range of unique and advantaged protective solutions to a growing and dynamic ... customer service and marketing support. A new distribution center in Brampton, Ontario will ...
(Date:2/8/2016)... ... February 08, 2016 , ... The Bell ... selected the latest beneficiary of their ongoing community enrichment program. The current campaign ... area schools. Donations are now being accepted at: http://www.angelsanddoves.com/donate.html . , Angels ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... Feb. 8, 2016 ... of the "Label-Free Detection Market by ... 2020" report to their offering. ... addition of the "Label-Free Detection Market ... to 2020" report to their offering. ...
(Date:2/8/2016)... , Feb. 8, 2016  Unilife Corporation ("Unilife" or "Company") ... of injectable drug delivery systems, today announced that it will ... ended December 31, 2015 after market close on February 9, ... conference call to discuss these financial results.    ... --> About Unilife Corporation ...
(Date:2/8/2016)... Calif. , Feb. 8, 2016  Sangamo ... in therapeutic genome editing, announced that the U.S. ... Company,s Investigational New Drug (IND) application for SB-318, ... life-long therapy for Mucopolysaccharidosis Type I (MPS I). ... enables Sangamo to initiate a Phase 1/2 clinical ...
Breaking Medicine Technology: