Interactive Data talks term loan repricing at Libor plus 275-300 bps

By Sara Rosenberg

New York, Jan. 24 - Interactive Data Corp. launched with a call on Thursday a repricing of its roughly $1.3 billion term loan with talk of Libor plus 275 basis points to 300 bps with a 1% Libor floor, according to a market source.

By comparison, current pricing on the loan is Libor plus 325 bps with a 1.25% Libor floor.

The repriced loan has 101 soft call protection for six months, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Interactive Data is a Bedford, Mass.-based provider of financial market data.

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