Prison Phone Company Aventiv Eyes New Debt for Refinancing (1)

Prison phone company Aventiv Technologies LLC is marketing a $700 million term loan and $400 million in new junk bonds to refinance its debt after the company’s private equity backer Platinum Equity agreed to put more money in the firm, according to people with knowledge of the matter.

The company, formerly known as Securus Technologies Inc., is offering a four-year loan, said the people, who asked not to be named because discussions are private. Deutsche Bank AG is leading the sale, and a call for lenders was scheduled for 10 a.m. on Wednesday in New York, the people added. ...