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Brightstar Capital to repay existing credit facilities using proceeds
By Taylor Fox
New York, Oct. 5 – Brightstar Capital Partners and Brightstar Escrow Corp. plan to repay some of its existing credit facilities and pay fees and expenses incurred in connection with those transactions using proceeds from its private offering of $420 million of senior secured notes, according to a news release.
The repayment will also be funded using borrowings under an asset-backed credit facility and the proceeds from a cash equity contribution by Brightstar Capital.
Brightstar Capital is a private equity firm based in New York.
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