Voyage Digital firms $477 million term loan B at SOFR plus 325 bps

By Sara Rosenberg

New York, March 28 – Voyage Digital (NZ) Ltd. set pricing on its $477 million senior secured covenant-lite first-lien term loan B due May 14, 2029 (Ba3/BB-) at SOFR plus 325 basis points, the low end of the SOFR plus 325 bps to 350 bps talk, according to a market source.

The term loan still has a 0.5% floor, a par issue price, 101 soft call protection for six months, 0 bps CSA and amortization of 1% per annum.

Morgan Stanley Senior Funding Inc. is the bookrunner on the deal. Global Loan Agency Servicing is the administrative agent.

Proceeds will be used to reprice an existing U.S. term loan B.

Closing is expected on April 12.

Voyage Digital is a telecommunications company.

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