Patagonia Holdco widens $800 million term loan B OID to 82

By Sara Rosenberg

New York, Aug. 2 – Patagonia Holdco LLC (Lumen Latin America) revised the original issue discount on its $800 million seven-year term loan B (B1) to 82 from 90, according to a market source.

Pricing on the term loan remained at SOFR plus 575 basis points with a 0.5% floor.

The term loan has 101 soft call protection for six months.

JPMorgan Chase Bank, Goldman Sachs Bank USA, Citigroup Global Markets Inc., BofA Securities Inc., Natixis, Deutsche Bank Securities Inc. and Bank of Nova Scotia are the leads on the deal.

Commitments are due at noon ET on Wednesday, the source added.

Proceeds will be used to help fund the buyout of Lumen Technologies’ Latin American business by Stonepeak for $2.7 billion, which was completed on Monday.

Patagonia is a Latin American communications platform with a subsea, terrestrial fiber and data center footprint.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.