Vericast seeks $775 million amended and extended term loan

By Sara Rosenberg

New York, Feb. 25 – Vericast Corp. launched a $775 million amended and extended term loan (B3) due 2026, according to a market source.

Credit Suisse Securities (USA) LLC is the lead on the deal.

The transaction will extend the maturity on the term loan from 2023.

Consents are due at 5 p.m. ET on Wednesday, the source added.

The company is also issuing $1.3 billion of first-lien secured notes, which mature three months after the extended term loan, and $700 million of second-lien secured notes and will use the proceeds to partially refinance its existing capital structure.

Vericast is a marketing solutions company.

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