SunGard Data Said to Cut Pricing on $479.2 Million Term Loan
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SunGard Data Systems Inc., the software and technology services provider, cut pricing on a $479.2 million term loan its seeking to refinance debt, according to a person familiar with the negotiations.
The company reduced the interest rate by 0.125 percentage point to 3.5 percentage points more than the London interbank offered rate, said the person, who declined to be identified because the terms are private.