SpaceX just floated pricing on a proposed $750 million term loan that will put cash on the company's balance sheet
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- Space X circulated pricing on a proposed $750 million term loan that will put cash on the company’s balance sheet.
- Bank of America Merrill Lynch is leading. Commitments are due November 16.
- Elon Musk founded Space X, which currently employs more than 6,000 people, in 2002 to advance space technology and exploration.
NEW YORK (LPC) - Elon Musk’s rocket and spacecraft company SpaceX on Wednesday circulated pricing on a proposed $750 million term loan that will put cash on the company’s balance sheet, two sources said.
The company floated pricing in the 400bp-425bp over Libor range with a 0% floor and a discount of 99. The loan will have six months of soft call protection at 101.See the rest of the story at Business Insider
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