Alltell Corporation loan and bond financing

Alltel Corp. - Up to $24 billion in loan and bond financing, with proceeds financing the buyout of Alltel by TPG Capital and GS Capital Partners. The overall $16.25 billion loan financing package includes a $14 billion 7.5-year term loan, a $1.5 billion 6-year revolver and a $750 million delayed-draw term loan, while the bond component includes up to $7.7 billion in senior unsecured notes, consisting of $5.2 billion in cash-pay notes and $2.5 billion in pay-in-kind toggle notes, with $1 billion of the PIK toggle notes having been sold and $3.2 billion of the loan allocated in November. Pricing for the remaining tranches expected.