Byline: Gayatri Iyer
Citigroup has set pricing on OneLink Communications' $520 million credit facility, which will go to refinancing existing bank debt, according to sources.
Price talk on the six-year $345 million first lien is at Libor plus 375 bps to 400 bps, with an OID of 99.5 and a Libor floor of 1.25%. The seven-year $150 million second lien is at Libor plus 650 bps to 700 bps, with an OID of 99 and a Libor floor of 1.5%. The credit facility will also include a $25 million five-year first-lien revolver.
OneLink provides broadband internet access, mobile phone and television services in Puerto Rico. It is headquartered in San Juan, and covers the Puerto Rico metropolitan area.
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