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MediMedia readies launch of $335 million credit facility for Monday
By Sara Rosenberg
New York, April 4 - MediMedia USA Inc. is set to hold a bank meeting on Monday afternoon to launch a $335 million credit facility, according to a market source.
Goldman Sachs & Co., Jefferies Finance LLC and Wells Fargo Securities LLC are the lead banks on the deal.
The facility consists of a $25 million revolver (B2), a $210 million first-lien term loan (B2) and a $100 million second-lien term loan (Caa2), the source said.
Proceeds will be used to refinance existing debt.
MediMedia is a Yardley, Pa.-based specialty healthcare communications, publishing and medical education company.
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