Liberty Cablevision of Puerto Rico seeks $160 million facility

By Sara Rosenberg

New York, Jan. 26 - Liberty Cablevision of Puerto Rico is in-market with a $160 million credit facility that will be used to refinance existing debt, according to a market source.

The facility consists of a $150 million term loan and a $10 million revolver, with both tranches talked at Libor plus 200 basis points, the source said.

Bank of America and TD Securities are the lead banks on the deal, which was launched Monday.

Liberty Cablevision of Puerto Rico is Puerto Rico-based cable company.

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