Prison-Phone Firm ViaPath Closes In on $1.45 Billion Refinancing
- Discussions are for 7.5 percentage points over the benchmark
- Company has been sounding out potential lenders for deal
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ViaPath Technologies, a company that provides phone and communications services to prisoners, is closing in on a nearly $1.5 billion refinancing, according to people with knowledge of the matter.
The American Securities-backed business is in discussions to receive a $1.45 billion first-lien term loan in a transaction led by Texas Capital Bank, the people said, asking not to be named discussing a private situation.