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Voyage Australia looks to amend term loan to transition to SOFR
By Sara Rosenberg
New York, Jan. 13 – Voyage Australia (Vocus) is seeking an amendment to its first-lien term loan to switch to SOFR from Libor, according to a market source.
The amendment is adding CSA of 11.4 basis points one-month rate, 26.2 bps three-month rate and 42.8 bps six-month rate.
Morgan Stanley Senior Funding Inc. is leading the transaction.
The deadline for the amendment is 5 p.m. ET on Tuesday, the source added.
Voyage Australia is a Melbourne, Australia-based fibre and network solutions provider.
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