Aristocrat, Alterra revise loan transactions; Ziply Fiber, Xperi disclose price talk

By Sara Rosenberg

New York, May 13 – Aristocrat Leisure Ltd. increased the size of its incremental term loan, lowered the spread and tightened the original issue discount on Wednesday morning as the deal has been met with strong demand.

Specifically, Aristocrat raised its non-fungible incremental term loan to $500 million from $350 million, trimmed pricing to Libor plus 375 basis points from Libor plus 400 bps and changed the original issue discount to 98 from 97, according to a market source.

As before, the term loan has a 1% Libor floor and 101 soft call protection for one year.

Recommitments were due at 5 p.m. ET on Wednesday, the source added.

UBS Investment Bank is the left lead bank on the deal that will be used for general corporate purposes.

In other primary news, Alterra Mountain Co. modified the spread and issue price on its incremental term loan, and Ziply Fiber (Northwest Fiber) and Xperi Corp. released guidance on their term loans in connection with their lender calls.

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