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Golden Nugget sets talk in $2.49 billion repricing and incremental term loan
By Paul A. Harris
Portland, Ore., Jan. 23 – Golden Nugget, LLC set talk for $2,392,900,000 of first-lien term loan debt it is seeking to reprice and a $100 million incremental first-lien term loan, according to a market source.
Both loans are talked with a Libor plus 250 basis points spread at 99.75.
Soft call protection would reset to six months.
Commitments are due at 5 p.m. ET on Jan. 30.
Jefferies LLC is the left arranger.
In addition to repricing existing term loan debt, the gaming and hospitality company plans to use proceeds to fund a dividend.
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