Airvana expects to launch new facility this week via SG and Macquarie

By Sara Rosenberg

New York, Feb. 28 - Airvana Corp. is planning to come to market with a credit facility this week, according to a market source.

Societe Generale and Macquarie are the lead banks on the deal.

Chatter is that proceeds may be used for a refinancing, the source said.

Last summer, the company got a $360 million four-year term loan priced at Libor plus 900 bps with a 2% Libor floor, sold at an original issue discount of 98 and used for a dividend recapitalization.

Airvana is a Chelmsford, Mass.-based provider of mobile broadband network infrastructure products.

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