Centennial Communications launches $595 million term loan C

By Sara Rosenberg

New York, Jan. 27 - Centennial Communications Corp. held a bank meeting to launch its proposed $595 million 5.8-year term loan C, according to a syndicate document. Credit Suisse First Boston and Lehman Brothers are joint lead arrangers on the deal.

The term loan C is priced with an interest rate of Libor plus 225 basis points, the document said.

Proceeds will be used to refinance debt.

Centennial is a Wall, N.J., wireless and broadband telecommunications service provider.

© 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.