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Husky Injection to launch $160 million add-on term loan on Tuesday
By Sara Rosenberg
New York, Oct. 7 – Husky Injection Molding Systems Ltd. is scheduled to hold a lender call at 3 p.m. ET on Tuesday to launch a $160 million add-on first-lien term loan, according to a market source.
Goldman Sachs Bank USA, TD Securities (USA) LLC, Barclays, Morgan Stanley Senior Funding Inc. and RBC Capital Markets LLC are the joint bookrunners on the deal.
Proceeds will be used to repay second-lien borrowings, the source said.
Husky is a Bolton, Ont.-based supplier of injection molding equipment and services to the plastics industry.
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