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WaveDivision to launch $620.4 million term loan repricing on Monday
By Sara Rosenberg
New York, Feb. 3 – WaveDivision Holdings LLC will hold a lender call on Monday to launch a repricing of its $620.4 million term loan, according to a market source.
Wells Fargo Securities LLC, Jefferies Finance LLC and SunTrust Robinson Humphrey Inc. are the leads on the deal.
Price talk on the term loan is Libor plus 250 basis points with a 1% Libor floor and a par issue price, the source said.
Included in the repriced loan is 101 soft call protection for six months.
The repricing will take the term loan down from Libor plus 300 bps with a 1% Libor floor.
Commitments are due at 3 p.m. ET on Feb. 10, the source added.
WaveDivision is a Kirkland, Wash.-based owner and operator of broadband cable systems.
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