RCN Grande updates talk; Cablevision Lightpath sets guidance; calendar continues to build

By Sara Rosenberg

New York, Sept. 9 – RCN Grande (Radiate Holdco LLC) modified spread talk and original issue discount guidance on its well-received term loan B on Wednesday, and Cablevision Lightpath disclosed price talk on its term loan B with launch.

RCN Grande changed price talk on its $1.19 billion term loan B due September 2026 to a range of Libor plus 350 basis points to 375 bps from Libor plus 400 bps and adjusted original issue discount talk to 98.5 from a range of 98.5 to 99, a market source said.

Cablevision Lightpath hosted a lender call at 10 a.m. ET to launch a $600 million seven-year first-lien term loan B (B1/B+) talked at Libor plus 350 bps to 375 bps with a 0.5% Libor floor, an original issue discount of 99 and 101 soft call protection for six months, according to a market source.

In more happenings, Michaels Cos. Inc., Omnitracs LLC, Allegro Microsystems Inc., Wabash National Corp. and Aveanna Healthcare LLC joined this week’s primary calendar.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.