Maxim Crane to launch $325 million second-lien term loan on Wednesday

By Sara Rosenberg

New York, Nov. 4 - Maxim Crane Works Holdings Inc. will hold a bank meeting at 10 a.m. ET on Wednesday to launch a $325 million second-lien term loan, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

Maxim Crane is a Pittsburgh-based full-service crane rental and sales company.

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