Peak 10 eyes July 11 launch for $1.51 billion in term loans

By Sara Rosenberg

New York, June 29 – Peak 10 Inc. is tentatively scheduled to hold a bank meeting on July 11 to launch $1.51 billion in term loans, according to a market source.

The debt is split between a $1.12 billion first-lien term loan and a $390 million second-lien term loan, the source said.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., ING and SunTrust Robinson Humphrey Inc. are the leads on the deal, with JPMorgan the left lead on the first-lien loan and Citigroup the left lead on the second-lien term loan.

Proceeds will be used to help fund the acquisition of ViaWest Inc. from Shaw Communications Inc. for $1,675,000,000.

Closing is expected in the third quarter, subject to customary conditions.

Peak 10, a portfolio company of GI Partners, is a Charlotte, N.C.-based IT infrastructure and cloud provider. ViaWest is a Greenwood Village, Colo.-based IT and infrastructure solutions provider.

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