Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hawaiian Telcom Communications Inc. > News item |
Hawaiian Telcom readies launch of $300 million term loan for Tuesday
By Sara Rosenberg
New York, Feb. 6 - Hawaiian Telcom is scheduled to hold a conference call at noon ET on Tuesday to launch a proposed $300 million first-lien five-year term loan, according to a market source.
Credit Suisse Securities (USA) LLC is the lead bank on the deal.
Price talk on the loan is Libor plus 575 basis points with a 1.25% Libor floor and an original issue discount of 981/2, the source said.
There is soft call protection of 102 in year one and 101 in year two.
Proceeds will be used to refinance an existing term loan.
Hawaiian Telcom is a Honolulu-based provider of integrated communications services.
© 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.