NDS Finance talks $800 million term loan B at Libor plus 325 bps

By Sara Rosenberg

New York, Feb. 22 - NDS Finance is talking its $800 million seven-year term loan B at Libor plus 325 basis points with a 1.25% Libor floor and an original issue discount of 991/2, according to a market source.

And, the $250 million euro-equivalent six-year term loan A is being talked at Euribor plus 350 bps, the source said.

The company's $1.125 billion credit facility (Ba2/BB-) also includes a $75 million revolver.

JPMorgan, Morgan Stanley, BNP Paribas, Goldman Sachs, Lloyds and UBS are the lead banks on the deal that launched on Thursday.

Proceeds will be used to refinance existing debt.

NDS is a U.K.-based supplier of open end-to-end digital technology and services to digital pay-television platform operators and content providers.

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