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Mueller Water Products to launch $500 million term loan B on Thursday
By Sara Rosenberg
New York, Nov. 4 – Mueller Water Products Inc. is scheduled to hold a bank meeting at 10 a.m. ET on Thursday to launch a $500 million seven-year covenant-light term loan B, according to a market source.
Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Wells Fargo Securities LLC, SunTrust Robinson Humphrey Inc., TD Securities (USA) LLC, Goldman Sachs Bank USA, Credit Suisse Securities (USA) LLC and MCS Capital are the leads on the deal.
Proceeds will be used to refinance existing debt.
Mueller Water is an Atlanta-based manufacturer and marketer of drinking water transmission, distribution and treatment facilities.
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