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WaveDivision withdraws term loan B and revolver repricing proposal
By Sara Rosenberg
New York, Aug. 23 - WaveDivision Holdings LLC pulled the repricing of its term loan B and revolving credit facility from market, according to a market source.
The term loan B was talked at Libor plus 275 basis points with a 0.75% Libor floor, versus current pricing of Libor plus 300 bps with a 1% Libor floor, and the revolver was talked at Libor plus 375 bps, versus current pricing of Libor plus 450 bps.
The repriced term loan B was being offered at par and had 101 soft call protection for six months.
Wells Fargo Securities LLC, RBC Capital Markets, Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey Inc. were the lead banks on the deal.
WaveDivision is a Kirkland, Wash.-based owner and operator of broadband cable systems.
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