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Deutsche Bank and Credit Suisse First Boston have negotiated an unusual market-out provision in their $5.5 billion bridge loan to EchoStar Communications for its merger with Hughes Electronics Corp. According to sources, the lenders have sole discretionary power to walk away from the loan if they deem the debt markets illiquid for the deal in the 16 business days after EchoStar and Hughes receive regulatory approval.
December 18, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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