Virginia-based telecommunications company, NTELOS Holdings, is seeking to amend its existing $751 million term credit facility. The alteration will lead to a repricing of the term loan and will reduce the applicable interest rate.

The new pricing on the first lien term credit line will be at LIBOR plus 3.00%, with a LIBOR minimum of 1%. The joint lead arrangers for the transaction are JP Morgan Securities and UBS Investment Bank.

Click here for the release from Business Wire.