Toronto-Dominion Bank and Bank of Boston Corp. have extended into next week the deadline for commitments to their $350 million loan for Metrocall Inc., an Alexandria, Va.-based paging company.

The syndication period, which was scheduled to close on Wednesday, is being extended at a time when liquidity in the bank loan market is at record levels, suggesting that bankers are cooling to the paging sector. Competition from new wireless communications companies has bankers concerned about the future of paging.

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.