Alterra Mountain talks $250 million term loan B at Libor plus 450 bps

By Sara Rosenberg

New York, Nov. 18 – Alterra Mountain Co. is shopping its non-fungible $250 million incremental term loan B (B2/B) at a price talk of Libor plus 450 basis points with a 1% Libor floor and an original issue discount of 97 to 98, according to a market source.

The incremental term loan has 101 soft call protection through June 2021, the source said.

The term loan launched with a lender call on Tuesday, but price talk was not announced until Wednesday.

J.P. Morgan Securities LLC, BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc., US Bank and Wells Fargo Securities LLC are the leads on the deal.

Commitments are due at 5 p.m. ET on Monday.

Proceeds will be used for general corporate purposes.

Alterra is a Denver-based mountain resort and adventure company.

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