GC Impsat Upsizes Offering

Argentine satellite company GC Impsat will price today $225 million in 9.875% 10-year bonds rated B3/B-, to help pay for its acquisition by Global Crossing. The offering launched Wednesday, upsized from $200 million, and the price was trimmed from an initial 10%, according to a banker close to the deal. Credit Suisse is bookrunner, with Deutsche Bank as joint-lead. It was on the road last week.