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Published on 5/2/2016 in the Prospect News Bank Loan Daily.

PTC to repay bank credit facility borrowings via $500 million new notes

By Tali Rackner

Norfolk, Va., May 2 – PTC intends to repay a portion of the amounts outstanding under its bank credit facility with the proceeds from an offering of $500 million senior notes due 2024, according to a press release.

PTC is a Needham, Mass.-based technology company.


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