Apple Leisure sets Thursday bank meeting for $460 million term loans

By Paul A. Harris

Portland, Ore., Sept. 15 – Apple Leisure Group plans to offer $460 million of term loan debt to investors at a bank meeting on Thursday, according to a market source.

The deal includes a $330 million first-lien term loan and a $130 million second-lien term loan.

Jefferies LLC, Credit Suisse Securities (USA) LLC and Nomura are the leads.

The $510 million credit facility also includes a $50 million revolver.

The Newton Square, Pa.-based travel and resort company plans to use the proceeds to fund a dividend recapitalization.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.