TACA Taxis High Yield Loan

TACA is in the market with a $100m 5-year loan syndication through Citi paying 625bp over Libor. The structured deal, which includes guarantees and collateral, is already well oversubscribed, says a banker close to the transaction. The deal may be flexed down in price. It was pulled last year and has not been adjusted in price to reflect tighter prevailing market conditions, says a loans specialist not on the trade.