Language Line, LLC and Coto Acquisition LLC Enter into Senior Secured Credit Agreement

MONTEREY, Calif., Nov. 4 /PRNewswire/ -- Language Line, LLC and Coto Acquisition LLC (the "Borrowers") entered into a Senior Secured Credit Agreement (the "Agreement") among the Borrowers, Language Line Holdings LLC ("Holdings"), the subsidiary guarantors party thereto, the lenders party thereto, Bank of America, N.A. as administrative agent, Morgan Stanley Senior Funding, Inc. as documentation agent, and Credit Suisse Securities (USA) LLC as syndication agent.

The Agreement allows for the repayment or redemption of Language Line Inc.'s Credit Agreement dated June 11, 2004 as amended and restated on November 14, 2006, Language Line Inc.'s Senior Subordinated Notes due 2012, Language Line Holdings, Inc. Senior Discount Notes due 2013, Language Line Limited Services UK II Limited Senior Credit Facility, Language Line Limited Services II Mezzanine Facility, Coto Holdings LLC Credit Agreement dated January 10, 2008, and Coto Holdings LLC issued and outstanding Preferred Stock.

Under the Agreement, the lenders have extended credit to the Borrowers in the form of Term Loans in the initial aggregate amount of $525,000,000 and Revolving Credit Commitments in an initial aggregate amount of $50,000,000.

    Contact:

    Michael Schmidt
    mschmidt@languageline.com

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