Harron ups term A to $205 million, cuts term B to $200 million

By Sara Rosenberg

New York, June 18 - Harron Communications LP lifted its term loan A to $205 million from $180 million and trimmed its term loan B to $200 million from $225 million, according to a market source.

The company's $465 million credit facility (Ba3/BB) still includes a $60 million revolver.

As before, pricing on the revolver and term loan A is Libor plus 250 basis points, and pricing on the B loan is Libor plus 275 bps with a 0.75% Libor floor and a par offer price.

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

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

Proceeds will be used to refinance existing debt.

Senior leverage is 3.4 times and total leverage is 5.9 times, the source added.

Harron Communications is a Frazer, Pa.-based provider of digital television, high-speed internet, digital phone and business services.

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