Alterra Mountain to launch $2.69 billion of term loans on Tuesday

By Sara Rosenberg

New York, March 18 – Alterra Mountain Co. will hold a lender call at 11 a.m. ET on Tuesday to launch a repricing of its $1.988 billion term loan due 2028, $498 million term loan due 2030 and $200 million add-on term loan due 2030, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The 2028 term loan is talked at SOFR plus 325 basis points with a 0% floor and a par issue price, and the 2030 term loans are talked at SOFR plus 350 bps with a 0% floor and a par issue price, the source said.

The term loans are getting 101 soft call protection for six months.

Commitments are due at 5 p.m. ET on Thursday, the source added.

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

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