Sidera Networks to launch $310 million term loan repricing on Monday

By Sara Rosenberg

New York, March 4 - Sidera Networks Inc. is scheduled to hold a call on Monday to launch a repricing of its $310 million term loan, according to a market source.

SunTrust is the lead bank on the deal.

Price talk on the loan is Libor plus 375 basis points with a 1.5% Libor floor and a par offer price, the source said.

There is 101 soft call protection for one year.

By comparison, current pricing on the company's term loan is Libor plus 450 bps with a 2% Libor floor.

Sidera is a New York-based provider of fiber optic-based network services.

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