Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Patagonia Holdco LLC > News item |
Patagonia Holdco seeks term loan B; STG Logistics joins calendar with incremental plans
By Sara Rosenberg
New York, July 18 – In the primary market on Monday, Patagonia Holdco (Lumen Latin America) approached lenders with a term loan B for the acquisition of Lumen Technologies’ Latin American business.
The company launched an $800 million seven-year term loan B talked at SOFR plus 575 basis points with a 0.5% floor, an original issue discount of 90 and 101 soft call protection for six months, a market source remarked.
There is a recorded lender presentation for investors, and there will be a question-and-answer call at 10 a.m. ET on Wednesday to discuss the transaction, the source added.
Commitments are due at 5 p.m. ET on July 26.
Furthermore, STG Logistics emerged with plans to bring an incremental first-lien term loan to market this week.
© 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.