Commonwealth Brands to launch new credit facility next week

By Sara Rosenberg

New York, Nov. 3 - Commonwealth Brands Inc. plans to meet next week with a consortium of lenders about a new credit facility that will be used to refinance existing debt, according to a company news release.

Deutsche Bank and Lehman Brothers are the lead banks on the deal, with Deutsche the left lead, a market source added.

The refinancing is expected to be completed by year-end.

Commonwealth Brands is a Bowling Green, Ky., cigarette manufacturer.

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