Metroflag seeks $475 million credit facility

By Sara Rosenberg

New York, June 7 - Metroflag is currently in market with a $475 million credit facility, according to a syndicate document.

Credit Suisse is the lead arranger on the deal.

The facility, which launched with a bank meeting on Monday, consists of a $250 million one-year first-lien term loan talked at Libor plus 150 basis points and a $225 million one-year second-lien term loan talked at Libor plus 1,000 bps, the document said.

Proceeds will be used to refinance existing debt.

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