preopen, page-20

The London Interbank Offered Rate (LIBOR) is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank lending market). Alternatively, this can be seen from the point of view of the banks making the 'offers', as the interest rate at which the banks will lend to each other: that is 'offer' money in the form of a loan for various time periods (maturities) and in different currencies.

CURRENTLY:

6month LIBOR = 0.4%
12month LIBOR = 0.73%

So in my opinion YES - LIBOR + 4.6% is pretty damn good!!!