Alterra Mountain revises $250 million term loan B OID to 98.8

By Sara Rosenberg

New York, Nov. 20 – Alterra Mountain Co. tightened the original issue discount on its non-fungible $250 million incremental term loan B (B2/B) to 98.8 from talk in the range of 97 to 98, according to a market source.

Pricing on the incremental term loan remained at Libor plus 450 basis points with a 1% Libor floor, and the debt has 101 soft call protection through June 2021.

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.

Proceeds will be used for general corporate purposes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.