Ciena readies launch of $250 million term loan B for Tuesday

By Sara Rosenberg

New York, June 20 – Ciena Corp. will hold a bank meeting on Tuesday to launch a $250 million five-year term loan B, according to a market source.

Bank of America Merrill Lynch and Deutsche Bank Securities Inc. are the lead banks on the deal.

Proceeds will be used for general corporate purposes and to add cash to the balance sheet.

Ciena is a Hanover, Md.-based supplier of communications networking equipment and software.

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