Ticker	Volume	Price	Price Delta
DJIA	15,387.60	+52.30	0.34%
S&P 500	1,669.16	+2.87	0.17%
Nasdaq	3,502.12	+5.69	0.16%

Ticker

Volume

Price

Price Delta

DJIA

15,387.60

+52.30

0.34%

S&P 500

1,669.16

+2.87

0.17%

Nasdaq

3,502.12

+5.69

0.16%

Ticker	Volume	Price	Price Delta
STOXX 50	2,812.56	-9.09	-0.32%
FTSE 100	6,801.46	-2.41	-0.04%
DAX	8,464.24	-7.96	-0.09%

Ticker

Volume

Price

Price Delta

STOXX 50

2,812.56

-9.09

-0.32%

FTSE 100

6,801.46

-2.41

-0.04%

DAX

8,464.24

-7.96

-0.09%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,261.10	-105.29	-0.45%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,261.10

-105.29

-0.45%

S&P/ASX 200

5,165.37

-14.69

-0.28%

TNS Obtains $700 Million in Loans for Siris Capital Buyout

By Michael Amato - 2012-12-31T16:25:14Z

TNS Inc. (TNS), a maker of networking products, obtained commitments for $700 million of loans to back its $862 million buyout by Siris Capital Group.

SunTrust Banks Inc. (STI) and Macquarie Group Ltd. are arranging the financing, which includes a $550 million first-lien term loan, a $100 million second-lien term loan and a $50 million revolving line of credit, the company said today in a regulatory filing.

The first-lien term portion will pay interest at 4.25 percentage points more than the London interbank offered rate, while the second-lien piece will pay 8.25 percentage points more than Libor, according to the filing.

Siris, a private-equity firm, is acquired the Reston, Virginia-based company for $21 a share in cash, a 47 percent premium over the stock’s average price over the past month, according to a Dec. 11 statement. The deal is expected to close in the first quarter of 2013.

Steven Lipin, a spokesman for TNS, didn’t immediately respond to an e-mail seeking comment.

First-lien debt is repaid first in a bankruptcy or liquidation, second-lien borrowings are repaid next.

To contact the reporter on this story: Michael Amato in New York at mamato3@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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