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Windsor Financing talks $246 million term B at Libor plus 375-400 bps
By Sara Rosenberg
New York, Oct. 25 - Windsor Financing LLC launched its $246 million term loan B (Ba2/BB+) on Thursday with price talk of Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.
The loan has 101 soft call protection for one year.
Commitments are due at 10 a.m. ET on Nov. 8, the source said.
Morgan Stanley Senior Funding Inc. is the bookrunner on the deal.
Proceeds will be used to refinance senior secured notes and subordinated secured notes and fund reserve accounts.
Windsor is a Charlotte, N.C.-based limited liability company that finances the operations of some electric and steam generating plants.
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