Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Sinclair Broadcast Group, Ziggo NV Seek Loans to Refinance Debt

Sinclair Broadcast Group Inc. and Ziggo NV were among companies tapping the loan market to refinance debt as the floating-rate asset class is on track to return more than 2 percent in the first quarter.

Sinclair is seeking $1 billion in loans, the company said today in statement distributed by PR Newswire. The financing includes a $500 million term loan A expiring in April 2018, a $400 million term portion B that comes due in April 2020 and a $100 million revolving line of credit that will mature in April 2018, according to the statement. Dutch cable operator Ziggo raised 800 million euros ($1 billion) of loans, according to a statement, as it hired banks for a potential bond sale.

Leveraged loans have returned 1.8 percent so far this quarter, which compares with a 4.4 percent return for the first quarter last year. The price of loans at 98.16 cents on the dollar today is at about the highest level in six years, according to the Standard & Poor’s/LSTA U.S. Leveraged Loan 100 Index.

Belfor USA Group Inc., which specializes in disaster recovery and property restoration, is seeking $520 million in loans to refinance debt, according to a person with knowledge of the matter. JPMorgan Chase & Co., which is arranging the transaction, is hosting a lender meeting on March 21 at 10 a.m. in New York, the person said.

MoneyGram International Inc., a provider of money-transfer and payment services, set the rate it will pay on an $850 million term loan, according to another person with knowledge of the matter.

The seven-year debt will pay interest at 3.25 percentage points more than the London interbank offered rate with a 1 percent minimum on the lending benchmark, said the person, who asked not to be identified because the deal’s private.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.