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Maidenform approximately $180 million credit facility to launch in April
By Sara Rosenberg
New York, March 26 - Maidenform Inc. is expected to launch an approximately $180 million credit facility in April, according to a market source. BNP Paribas is the lead bank on the deal.
The structure on the deal is still fluid; however, it is expected to roughly consist of a $30 million revolver, a $90 million term loan and a $60 million second lien term loan, the source added.
Proceeds will be used to support Ares Corporate Opportunities Fund LP's acquisition of Maidenform from Oaktree Capital Management.
Maidenform is a Bayonne, N.J., marketer and manufacturer of intimate apparel.
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