Catalina lifts spread on extended term B to Libor plus 550 bps

By Sara Rosenberg

New York, March 30 - Catalina Marketing Corp. increased pricing on its proposed extended term loan B to Libor plus 550 basis points from Libor plus 500 bps, according to a market source.

The company is looking to push out the maturity on its $597 million term loan B to 2017 from 2014.

In addition, the company wants to extend its $100 million revolver to 2016 from 2013.

With the bump in pricing, the company is now also offering a $40 million loan repayment.

As before, lenders will get a 15 bps extension fee as well as a 10 bps consent fee.

J.P. Morgan Securities LLC is the lead bank on the deal.

Responses were due by 3 p.m. ET on Friday.

Catalina Marketing is a St. Petersburg, Fla.-based provider of precision marketing services.

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