Chase Manhattan Corp. has closed syndication of a challenging $2 billion loan for wireless communications firm Sprint Spectrum.

The loan for the new joint venture of Sprint Corp., Cox Communications, Comcast Cable, and Telecommunications Inc., had met resistance in the market after Chase won the deal away from the trio of J.P. Morgan & Co., Toronto Dominion Bank, and Citicorp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.