Univision extended term loan frees up; Pathway, Tech Data, PG&E release proposed terms

By Sara Rosenberg

New York, June 15 – Univision Communications Inc. modified the original issue discount/extension fee on its $2 billion amended and extended first-lien term loan B (B2/B) due March 2026 to 97.5 from talk in the range of 98 to 98.5 on Monday.

As before, the extended term loan is priced at remained at Libor plus 375 basis points with a 1% Libor floor and has 101 soft call protection for one year.

The extended term loan began trading on Monday and levels were quoted at 97½ bid, 98 offered, another source added.

Current pricing on the existing term loan is Libor plus 275 bps.

In more happenings, Pathway Vet Alliance LLC released price talk on its first-lien term loan, Tech Data came out with structure and price guidance on its credit facilities, and PG&E Corp. launched its exit term loan.

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