Alterra Mountain launches $200 million add-on term loan at 99.75 OID

By Sara Rosenberg

New York, Feb. 5 – Alterra Mountain Co. was scheduled to hold a lender call at 2 p.m. ET on Monday to launch a fungible $200 million add-on term loan B due May 2030 that is talked with an original issue discount of 99.75, according to a market source.

Pricing on the add-on term loan is SOFR+10 basis points CSA plus 375 bps with a 0% floor, in line with existing term loan B pricing.

The add-on term loan has a ticking fee of half the margin for days 46 to 90 and the full margin thereafter, the source said.

JPMorgan Chase Bank is the lead on the deal.

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

Proceeds will be used to fund acquisitions and for general corporate purposes.

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

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