Hornblower to launch $300 million incremental term loan on Thursday

By Sara Rosenberg

New York, Feb. 15 – Hornblower Holdings is scheduled to hold a bank meeting at 2:30 p.m. ET in New York on Thursday to launch a $300 million incremental term loan, according to a market source.

UBS Investment Bank and Barclays are the leads on the deal.

Proceeds will be used to fund the acquisition of Entertainment Cruises.

Hornblower is a San Francisco-based cruise and event company.

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