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Bank Of America Arranges 1 5 Billion Financing For Levi Strauss

NEW YORK, Dec. 27 /PRNewswire/ -- Bank of America Securities todayannounced the launch of $1.5 billion Senior Secured Credit Facilities onbehalf of Levi StraussandCo., one of the world's leading branded apparelcompanies. The facilities have been underwritten by Bank of America, NA,Citicorp USA, Inc. and The Bank of Nova Scotia. Syndication of the facilitieswill commence in early January. The commitment is subject to customaryconditions, including the negotiation and execution of a definitive creditagreement. Completion of the agreement is expected to occur in late January.<BR><BR> The new senior secured credit facilities consist of a $750 millionRevolving Credit Facility and $750 million in Term Loan Facilities. Banc ofAmerica Securities LLC and Salomon Smith Barney Inc. are acting as Co-LeadArrangers and Joint Book Managers on the facilities. The facilities are allpari passu in ranking and scheduled to mature in August 2003. The purpose ofthe new

NEW YORK, Dec. 27 /PRNewswire/ -- Bank of America Securities today announced the launch of $1.5 billion Senior Secured Credit Facilities on behalf of Levi Strauss and Co., one of the world's leading branded apparel companies. The facilities have been underwritten by Bank of America, NA,Citicorp USA, Inc. and The Bank of Nova Scotia. Syndication of the facilities will commence in early January. The commitment is subject to customary conditions, including the negotiation and execution of a definitive creditagreement. Completion of the agreement is expected to occur in late January. The new senior secured credit facilities consist of a $750 million Revolving Credit Facility and $750 million in Term Loan Facilities. Banc of America Securities LLC and Salomon Smith Barney Inc. are acting as Co-Lead Arrangers and Joint Book Managers on the facilities. The facilities are allpari passu in ranking and scheduled to mature in August 2003. The purpose of the new financing will be to refinance existing bank debt.SOURCE Bank of America Corporation Web Site: http://www.bankofamerica.com Copyright 2001 PR Newswire




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