Hargray withdraws $450 million term loan repricing from market

By Sara Rosenberg

New York, Dec. 7 – Hargray Communications Group Inc. pulled its $450 million term loan repricing from the primary market, according to a source.

Talk on the loan was Libor plus 250 basis points to 275 bps with a 1% Libor floor, a par issue price and 101 soft call protection for six months.

SunTrust Robinson Humphrey Inc. was the lead bank on the deal.

The repricing would have taken the loan down from Libor plus 300 bps with a 1% Libor floor.

Hargray is a Hilton Head Island, S.C.-based broadband communications and entertainment provider.

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