NEP to pay down revolver, term loan borrowings via stock offering

By Marisa Wong

Madison, Wis., June 29 – NEP Group, Inc. plans to repay borrowings outstanding under its revolving credit facility and second-lien term loan using proceeds from an offering of common stock, according to an S-1 filing with Securities and Exchange Commission.

NEP is a Pittsburgh-based provider of outsourced teleproduction services for the delivery of live sports and entertainment events.

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