Toronto Dominion and Bank of Boston Corp. are lining up a $350 million loan for Metrocall Inc., the first financing for a paging company since a rival, Mobile Media, violated its loan covenants early this month.

The banks launched the deal last Wednesday for the Alexandria, Va.-based Metrocall, which is looking to a cautious bank market to support its approximately $341 million cash and stock aquisition of A+ Network Inc.

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