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EnergySolutions' debt refinancing to include new high-yield bonds
By Paul A. Harris
St. Louis, July 13 - EnergySolutions Inc. plans to issue high-yield bonds as part of its bank debt refinancing effort, according to a market source.
J.P. Morgan Securities Inc. will lead the deal.
The size, structure and timing remain to be determined.
The refinancing also includes a new credit facility, also via JPMorgan, which is set to launch at a bank meeting on Thursday.
Proceeds will be used to refinance the company's existing bank deal, which includes a revolving credit facility, a first-lien term loan and a synthetic letter-of-credit facility.
EnergySolutions is a Salt Lake City-based provider of nuclear services.
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