Centennial Communications seeks term loan repricing

By Sara Rosenberg

New York, Jan. 30 - Centennial Communications Inc. is currently in market with a repricing proposal for its term loan, according to a market source.

Credit Suisse is the lead bank on the deal that launched last week.

Under the repricing, the company is looking to take the spread down on its term loan to Libor plus 200 basis points from Libor plus 225 bps, the source said.

Centennial is a Wall, N.J., provider of regional wireless and integrated communications services.

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