Oneida to launch $120 million term loan on Tuesday

By Sara Rosenberg

New York, June 21 - Oneida Ltd. is scheduled to hold a bank meeting on Tuesday to launch its proposed $120 million seven-year first-lien term loan, according to syndicate document.

Credit Suisse is the lead arranger on the deal.

Proceeds will be used to refinance existing debt.

Oneida is an Oneida, N.Y, maker of flatware, dinnerware, crystal and metal serving pieces.

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