ViaWest readies launch of $170 million add-on term loan B for Monday

By Sara Rosenberg

New York, Nov. 19 – ViaWest Inc. is scheduled to hold a lender call on Monday to launch a $170 million add-on term loan B, according to a market source.

RBC Capital Markets, TD Securities (USA) LLC and Citigroup Global Markets Inc. are the lead banks on the deal, with TD Securities the administrative agent.

Proceeds will be used to fund the acquisition of INetU Inc. from BV Investment Partners and other shareholders for $162.5 million.

Closing is expected by year-end, subject to customary conditions.

The company’s existing term loan B is priced at Libor plus 350 basis points with a 1% Libor floor.

ViaWest is a Greenwood Village, Colo.-based IT infrastructure solutions company. INetU is an Allentown, Pa.-based customer-centric cloud company.

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