Intrawest Operations launches roughly $593 million term loan repricing

By Sara Rosenberg

New York, April 20 – Intrawest Operations Group LLC launched with its call on Monday a repricing of its existing $592.8 million term loan due Dec. 9, 2020, according to an 8-K filed with the Securities and Exchange Commission.

The repricing is talked at Libor plus 350 basis points to 375 bps, versus current pricing of Libor plus 450 bps, a market source said.

The 1% Libor floor on the term loan will be unchanged.

The repriced term loan is offered at par and has 101 soft call protection for six months.

Consents are due by noon ET on Friday.

Closing is expected on or around May 1.

Bank of America Merrill Lynch is the lead bank on the deal.

Intrawest is a Denver-based mountain resort and adventure company.

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