ViaWest raises credit facility size, lowers term loan B pricing

By Sara Rosenberg

New York, March 23 – ViaWest Inc. upsized its five-year revolver to $85 million from $75 million and its seven-year term loan B to $395 million from $375 million, according to a market source.

In addition, pricing on the term loan B was reduced to Libor plus 350 basis points from talk of Libor plus 375 bps to 400 bps, the source said.

The B loan still has a 1% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

Recommitments are due at 5 p.m. ET on Wednesday, the source added.

TD Securities (USA) LLC and RBC Capital Markets LLC are the lead banks on the now $480 million senior secured credit facility, up from $450 million.

Proceeds will be used to refinance existing debt.

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

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