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Spencer Spirit to launch $385 million term loan B on Thursday
By Sara Rosenberg
New York, May 20 – Spencer Spirit is scheduled to hold a bank meeting at 11 a.m. ET on Thursday to launch a $385 million term loan B, according to a market source.
Guggenheim and Wells Fargo Securities LLC are the bookrunners on the deal. Citizens Bank and TD Securities (USA) LLC are co-managers. Wells Fargo is the agent.
Proceeds will be used to refinance existing debt.
Spencer is an Egg Harbor Township, N.J.-based specialty retailer focused on lifestyle accessories and specialized Halloween merchandise.
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