SnapAV/Wirepath talks $265 million repricing at Libor plus 475 bps

New York, Jan. 18 – SnapAV/Wirepath LLC set talk at Libor plus 475 basis points in its repricing of its $265 million term loan (B2/B), which launched with a lender call on Thursday, according to a market source.

The repriced loan is being offered at par with a 1% Libor floor.

As part of the repricing, the soft call protection will be reset at 101 for six months.

UBS Investment Bank is the bookrunner on the deal.

Commitments are due by Jan. 24.

Current term loan pricing is Libor plus 525 bps with a 1% Libor floor.

SnapAV is a Charlotte, N.C.-based manufacturer of audio, video, networking, power and surveillance products for residential and commercial A/V integrators.

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