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.
One of the greatest contributions the Erie Canal made to the state of New York was the population increase and financial prosperity of its cities on the canal. Trade between the East and West increased through the route and also became easier with Europe â the Erie Canal was indeed âThe Great Water Highwayâ (9).