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London interbank offered rate (LIBOR)

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London interbank offered rate (LIBOR)
The basic short-term rate of interest in the Eurodollar market and the rate to which many Eurodollar loans and deposits are tied. The LIBOR is similar in concept to that of the prime rate in the United States except that it is less subject to individual bank management.
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Term loan borrowings under the new senior secured credit facility will initially bear interest at an annual rate equal to the London interbank offered rate (LIBOR) plus 200 basis points, representing an initial interest rate of 7.
B/E Aerospace Announces Payment for 8 1/2% Senior Notes Due 2010 ... by Business Wire
Subseries 2 class A and B certificateholders will receive monthly interest payments of one-month London Interbank Offered Rate (LIBOR) plus 5 and 21 basis points, respectively, throughout the revolving and accumulation periods and on the expected final payment date, provided an early amortization event does not occur.
Fitch Rates Discover Card Master Trust I Class A/B Series 2006-1 ... by Business Wire
The interest rate on the $450 million revolving credit facility has been reduced to the London Interbank Offered Rate (LIBOR) plus 175 basis points.
AES Amends $650 Million Credit Facilities; Reduces Interest Rate on ... by Business Wire
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