J.P. Morgan also launched a repricing of printed circuit board manufacturer ViaSystems Group's term loan "B" last Monday. The new $265 million "C" loan is talked at LIBOR plus 4 1/4%, 100 basis points lower than the existing spread.
That repricing may not be an easy sell, a buysider said. It doesn't have positive momentum behind it as it launches because of the downward earnings revision in the tech sector lately, he noted.
Hicks, Muse, Tate & Furst and GSC Partners own the company. Viasystems and Hicks Muse officials did not return calls. Carl Crosetto, a managing director with GSC Partners, declined comment.