DataBank seeks $25 million add-on term loan B at 99.75 OID

By Sara Rosenberg

New York, Aug. 14 – DataBank is in market with a $25 million add-on term loan B that is talked with an original issue discount of 99.75, according to a market source.

Pricing on the add-on term loan is Libor plus 375 basis points with a 1% Libor floor.

SunTrust Robinson Humphrey Inc. is leading the deal that launched with a lender call on Monday.

Commitments are due on Friday, the source said.

Proceeds will be used to pay down revolving credit facility borrowings.

DataBank is a Dallas-based provider of enterprise-class data center, cloud, and interconnection services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.