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Alterra Mountain finalizes $200 million add-on term loan at par price
By Sara Rosenberg
New York, Feb. 9 – Alterra Mountain Co. firmed the issue price on its fungible $200 million add-on term loan B due May 2030 at par, the tight end of revised talk of 99.875 to par and tighter than initial talk of 99.75, according to a market source.
Pricing on the add-on term loan is SOFR+10 basis points CSA plus 375 bps with a 0% floor, in line with existing term loan B pricing.
The add-on term loan has a ticking fee of half the margin for days 46 to 90 and the full margin thereafter.
JPMorgan Chase Bank is the lead on the deal.
Allocations went out on Thursday, the source added.
Proceeds will be used to fund acquisitions and for general corporate purposes.
Alterra is a Denver-based mountain resort and adventure company.
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