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American Media to launch $140 million term C on Wednesday
By Sara Rosenberg
New York, Jan. 6 - American Media Inc. is scheduled to launch a $140 million term loan C on Wednesday, according to market sources. JPMorgan and Bear Stearns are the lead banks on the deal.
The term loan, combined with issuance of $150 million of senior subordinated notes due 2011, will be used to help fund the purchase of Weider Publications Inc. and its related properties for aggregate consideration of $350 million.
American Media is a Delray Beach, Fla. publishing company.
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