Verizon Wireless secures $7.55 bln bridge loan for Alltel Purchase

Morgan Stanley has provided a $7.55 billion 364-day bridge loan to back Verizon Wireless' acquisition of Alltel Corp for $28.1 billion, including $22.2 billion in debt, according to Reuters Loan Pricing Corp. The 364-day loan matures June 4, 2009, and includes a $4.8 billion drawn portion and a $2.75 billion delayed-draw portion that will be available in three drawings, according to a Securities and Exchange Commission filing. The borrower has already drawn $4.79 billion of the loan to financ