Dex Media East upsizes term loan B, downsizes term loan A

By Sara Rosenberg

New York, Oct. 19 - Dex Media East LLC moved $50 million out of its term loan A tranche and into its term loan B tranche, according to market sources.

The six-year term loan A is now sized at $700 million, down from $750 million, and the seven-year term loan B is now sized at $400 million, up from $350 million, sources said.

Dex Media East's $1.2 billion credit facility (Ba1/BB+) also includes a $100 million revolver.

The term loan A and the revolver are both priced at Libor plus 175 basis points, and the term loan B is priced at Libor plus 200 bps.

JPMorgan and Wachovia are the lead banks on the deal.

Proceeds will be used to refinance the company's existing credit facility.

Dex Media is a publisher of Yellow Pages and White Pages directories.

© 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.