Xplornet changes $75 million add-on term loan B issue price to par

By Sara Rosenberg

New York, May 18 – Xplornet Communications Inc. modified the issue price on its $75 million add-on term loan B (B1/B) to par from 99.75, according to a market source.

Pricing on the loan is Libor plus 600 basis points with a 1% Libor floor.

SunTrust Robinson Humphrey Inc. is the left lead on the deal.

Commitments are due on Friday, the source said.

Proceeds will be used to help refinance existing notes.

Xplornet is a Woodstock, New Brunswick-based rural-focused broadband service provider.

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