Weather Channel launches term B repricing at Libor plus 250-275 bps

By Sara Rosenberg

New York, Feb. 4 - Weather Channel launched with a call on Monday the repricing of its roughly $1.6 billion term loan B with talk of Libor plus 250 basis points to 275 bps with a 0.75% Libor floor and a par offer price, according to a market source.

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

Commitments are due at noon ET on Thursday.

With the repricing, the company is taking the term loan down from Libor plus 325 bps with a 1% Libor floor.

Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan Securities LLC are the lead banks on the deal.

Weather Channel is an Atlanta-based media company devoted to bringing weather news via television, internet and mobile devices.

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