DMX Music $70 million credit facility to launch Friday

By Sara Rosenberg

New York, Dec. 2 - DMX Music Inc. is scheduled to hold a bank meeting on Friday to launch its proposed $70 million credit facility, according to a syndicate document. Credit Suisse First Boston is the sole lead arranger on the deal.

The facility consists of a $10 million five-year revolver, a $45 million five-year term loan B and a $15 million six-year second-lien term loan, the document said, adding that price talk is to be determined.

Proceeds will be used for acquisition financing.

DMX Music is a Los Angeles-based distributor of commercial free music.

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