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AAT Communications $335 million credit facility to launch Monday
By Sara Rosenberg
New York, July 7 - AAT Communications Corp. is scheduled to hold a bank meeting on Monday to launch its proposed $335 million credit facility, according to a syndicate document. Credit Suisse First Boston and TD Securities are the lead banks on the deal.
The facility consists of a $50 million 61/2-year revolver (BB+) with a 50 basis points commitment fee, a $200 million seven-year term loan B (BB+) and an $85 million eight-year second-lien term loan (BB), the document said.
Proceeds will be used for a dividend recapitalization.
AAT is a St. Louis-based owner and operator of wireless communications towers.
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