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"If you don't believe there are assets to replace your existing, you're going to be more willing to do a leveraging transaction like using first lien to take out a second lien."
Planemaker's top seven banks are providing support as costs of grounding the 737 Max total an estimated $18 million.
Company is using two $6 billion term loans and a $2 billion revolver to support purchase of Vodafone's stake in Verizon Wireless.
