ViaWest talks $375 million term loan B at Libor plus 375-400 bps

By Sara Rosenberg

New York, March 13 – ViaWest released price talk on its $375 million seven-year term loan B of Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.

The term loan B has 101 soft call protection for six months and a maximum total leverage covenant, the source said.

The company’s $450 million senior secured credit facility (B2/B+) also includes a $75 million five-year revolver.

Commitments are due on March 25, the source added.

TD Securities (USA) LLC and RBC Capital Markets are the lead banks on the deal that launched with a bank meeting on Thursday.

Proceeds will be used to refinance existing debt.

ViaWest is a Greenwood Village, Colo.-based IT Infrastructure solutions company.

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