RCN Grande repricing incremental loan to Libor plus 300 bps

By Sara Rosenberg

New York, Feb. 3 – RCN Grande (Radiate Holdco LLC) wrapped syndication of a repricing of its $299 million incremental term loan at pricing of Libor plus 300 basis points with a 0.75% Libor floor and a par issue price, according to a market source.

J.P. Morgan Securities LLC is the lead on the deal.

The repricing is taking the incremental term loan down from Libor plus 350 bps.

RCN Grande is a broadband services provider.

© 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.