Sensis increases five-year term loan size to $450 million

By Sara Rosenberg

New York, Sept. 19 – Sensis lifted its five-year term loan (B2/B) to $450 million from $400 million, according to a market source.

Pricing on the loan remained at Libor plus 700 basis points with a 1% Libor floor and an original issue discount of 99.

Also, the loan still has 101 soft call protection for one year, amortization of 5% per annum and a total leverage covenant.

Bank of America Merrill Lynch, Macquarie Capital and Credit Suisse Securities (USA) LLC are the lead banks on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

Sensis is a provider of local search and digital marketing solutions to Australian businesses.

© 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.