Reported about 1 year ago
ViaPath Technologies, a prison-phone firm, is close to finalizing a $1.45 billion refinancing deal led by Texas Capital Bank, aiming to replace existing first- and second-lien debt. The refinancing, priced at 7.5 percentage points over the Secured Overnight Financing Rate, has attracted sufficient investor interest. ViaPath has explored various options for managing debt maturing in 2025, amidst challenges in the prison services industry due to regulatory risks and changing investor sentiments.
Source: YAHOO