Fibertech Networks repricing term loan at Libor plus 450 bps

By Sara Rosenberg

New York, May 15 - Fibertech Networks is wrapping up a repricing of its term loan, under which pricing is dropping to Libor plus 450 basis points with a 1.25% Libor floor from Libor plus 500 bps with a 1.75% Libor floor, according to a market source.

TD Securities (USA) LLC is the bookrunner and lead arranger on the deal.

Fibertech is a Rochester, N.Y.-based provider of fiber optic bandwidth services.

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