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Rexnord plans $400 million six-year unsecured term loan
By Sara Rosenberg
New York, Feb. 15 - Rexnord Holdings Inc. is planning on getting a new $400 million six-year senior unsecured term loan, according to a company news release.
Credit Suisse is the lead arranger and bookrunner on the deal.
Proceeds will be used to pay a dividend to stockholders.
Rexnord is a Milwaukee-based manufacturer of highly engineered power transmission, aerospace and other precision motion technology products.
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