ViaWest sets price talk on $170 million add-on term loan B with launch

By Sara Rosenberg

New York, Nov. 23 – ViaWest Inc. launched on Monday its $170 million add-on term loan B with price talk of Libor plus 350 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

The loan has 101 soft call protection for six months, the source said.

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.

Commitments are due on Dec. 8, the source added.

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.

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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