Mega Broadband seeks amendment to shift term loan to SOFR

By Sara Rosenberg

New York, April 14 – Mega Broadband Investments LLC is shopping a negative consent amendment to transition its term loan to SOFR from Libor and add a credit spread adjustment, according to a market source.

The CSA being offered is ARRC standard of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Truist Securities Inc. is the lead on the deal.

The amendment deadline is April 21, the source added.

Mega Broadband is a broadband provider.

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