MediaOcean launches $282.5 million term loan at Libor plus 400-425 bps

By Sara Rosenberg

New York, Dec. 7 – MediaOcean LLC launched on Wednesday its $282.5 million first-lien term loan repricing with talk of Libor plus 400 basis points to 425 bps with a 1% Libor floor and a par issue price, according to a market source.

The repriced loan has 101 soft call protection for six months, the source said.

Macquarie Capital (USA) Inc. is the lead on the deal.

Commitments are due on Dec. 14, the source added.

The repricing will take the term loan down from Libor plus 475 bps with a 1% Libor floor.

MediaOcean is a New York-based software company for the advertising sector.

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