Victra launches $600 million term loan B at SOFR plus 700-725 bps

By Sara Rosenberg

New York, March 14 – Victra (LSF9 Atlantis Holdings LLC) launched on Monday its $600 million seven-year term loan B (B2/B/B+) with price talk of SOFR plus 700 basis points to 725 bps with a 0.75% floor and an original issue discount of 98, according to a market source.

The term loan has 101 soft call protection for one year and a springing maturity to November 2025, three months inside of its 7¾% senior secured notes due February 2026, the source said.

Truist is the left lead on the deal.

Commitments are due at noon ET on March 25, the source added.

Proceeds will be used to fund the acquisition of Go Wireless Holdings Inc.

Victra is a Raleigh, N.C.-based retailer for wireless products and services.

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