Weather Channel to launch term loan B repricing proposal on Monday

By Sara Rosenberg

New York, Jan. 31 - Weather Channel is set to hold a call on Monday to launch a repricing of its roughly $1.6 billion term loan B from Libor plus 325 basis points with a 1% Libor floor, according to a market source.

Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan Securities LLC are the lead banks on the deal.

Weather Channel is an Atlanta-based media company devoted to bringing weather news via television, internet and mobile devices.

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