Arranger Goldman Sachs is talking the deal at L+350, with a 1% LIBOR floor and a 99.875 offer price, sources said. The repriced term loan would include six months of 101 soft call protection. In addition to the repricing, the issuer is seeking to remove the loanâs springing maturity to the 2018 bonds. At the time the loan was put in place, the bond issue totaled $1 billion. It has since been reduced to $630 million, and the supermarket concernâs performance has improved, sources said.
The Erie Canal runs across New York State from Albany to Buffalo, connecting the Hudson River to Lake Erie.
After more than two years of digging, the 425-mile Erie Canal was opened on October 26, 1825, by Governor Clinton. As Clinton left Buffalo in the Seneca Chief, an ingenious method of communication was used to inform New York City of the historic occasion.