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USNR readies launch of $315 million term loan B for Monday
By Sara Rosenberg
New York, Sept. 24 – USNR Wood Fiber is scheduled to hold a lender call at 11 a.m. ET on Monday to launch a $315 million seven-year term loan B, according to a market source.
JPMorgan Chase Bank, Citizens Bank and US Bank are the leads on the deal.
The term loan has 101 soft call protection for six months, the source said.
Proceeds will be used to help fund the buyout of the company by One Equity Partners and merger of USNR LLC with Wood Fiber Group.
USNR is a Woodland, Wash.-based supplier of equipment and technologies for the wood processing industry. Wood Fiber is a manufacturer and supplier of consumable cutting tools, MRO supplies, technical services and cutting tool related maintenance equipment to the wood fiber processing industry.
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