RLPC-AbitibiBowater prices $400 mln loan-source

NEW YORK, March 26 (Reuters) - A $400 million term loan for AbitibiBowater (ABH.N: Quote, Profile, Research)(ABH.TO: Quote, Profile, Research) has been priced by Goldman Sachs, a source close to the deal told Reuters Loan Pricing Corp. on Wednesday.

The loan was priced at 800 basis points over the London interbank offered rate with a discount of 96 cents on the dollar. It also includes a 3.5 percent floor on the Libor rate. Pricing on the loan was increased from about 700 basis points over Libor.

The loan is part of a refinancing plan to address upcoming debt maturities and general liquidity needs of the company's Abitibi-Consolidated Inc. subsidiary.

(Reporting by Smita Madhur; editing by Dena Aubin)