Aristocrat to launch $1 billion term loan repricing on Thursday

By Sara Rosenberg

New York, Feb. 15 – Aristocrat Leisure Ltd. is scheduled to hold a lender call at 3 p.m. ET on Thursday to launch a $1 billion first-lien term loan, according to a market source.

UBS Investment Bank is the bookrunner on the deal.

Proceeds will be used to reprice an existing term loan from Libor plus 275 basis points with a 0.75% Libor floor, the source said.

Aristocrat Leisure is a Sydney, Australia-based provider of gaming services.

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