Olympia Group $385 million credit facility to launch Feb. 7

By Sara Rosenberg

New York, Jan. 27 - Olympia Group is scheduled to hold a bank meeting on Feb. 7 to launch its proposed $385 million credit facility, according to a syndicate document.

Credit Suisse is the lead arranger on the deal.

The facility consists of a $50 million three-year revolver, a $255 million five-year term loan B and an $80 million six-year second-lien term loan, the document said.

Proceeds will be used for real estate development, a market source said.

Olympia Group is an investment management group.

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