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Charter Next to launch $2.3 billion term loan B on Wednesday
By Sara Rosenberg
New York, Jan. 16 – Charter Next Generation Inc. will hold a lender call at 2:30 p.m. ET on Wednesday to launch a $2.317 billion term loan B, according to a market source.
KKR Capital Markets is the lead on the deal. Jefferies LLC is the administrative agent.
Proceeds will be used to reprice an existing term loan B from SOFR+CSA plus 375 basis points with a 0.75% floor. CSA on the existing term loan is 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.
Charter Next Generation is a Milton, Wis.-based producer of specialty films used in flexible packaging and other end-use markets.
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