Dex Media looks to lower pricing on Dex East, West term loans

By Sara Rosenberg

New York, Nov. 10 - Dex Media Inc. is out to lenders with a repricing proposal for term loans at Dex Media East LLC and Dex Media West LLC, according to a market source. JPMorgan is the lead bank on the repricings.

Dex Media East is looking to reprice its term loan B at Libor plus 175 basis points, down from Libor plus 200 basis points, and Dex West is looking to reprice its term loan B at Libor plus 175 basis points, down from Libor plus 225 basis points, the source said.

The Dex East term loan A will be priced at Libor plus 175 basis points, and the Dex West term loan A will be priced at Libor plus 200 basis points, the source added. In June, following a different repricing amendment, the Dex East and West term loan As were priced at Libor plus 200 basis points, subject to pricing grids based on leverage.

The repricing was launched on Tuesday and is being done in connection with a $200 million senior note offering by Dex Media West.

Dex Media is an Englewood, Colo., directory publisher.

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