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NXT Capital to launch $75 million add-on term loan on Tuesday
By Sara Rosenberg
New York, March 24 – NXT Capital Inc. is scheduled to hold a lender call at 2 p.m. ET on Tuesday to launch a $75 million add-on term loan B due November 2022, according to a market source.
RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners on the deal.
Proceeds will be used to fund a dividend.
With this transaction, the company will seek an amendment to its existing credit agreement to allow for the one-time dividend and make some other minor changes, the source said.
Commitments/consents are due on April 4.
NXT is a Chicago-based provider of structured financing solutions.
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