Gibson Brands to launch $250 million term loan B on Tuesday

By Sara Rosenberg

New York, June 14 – Gibson Brands Inc. will hold a lender call at 2:30 p.m. ET on Tuesday to launch a $250 million seven-year term loan B, according to a market source.

KKR Capital Markets and JPMorgan Chase Bank are the leads on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

Gibson Brands is a Nashville-based maker of musical instruments and audio equipment.

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