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OneStopPlus readies launch of $425 million credit facility for Friday
By Sara Rosenberg
New York, Jan. 10 - OneStopPlus Group will be holding a bank meeting on Friday morning to launch a proposed $425 million credit facility, according to sources.
Goldman Sachs & Co. and Jefferies & Co. are leading the deal.
The facility consists of a $60 million five-year revolver, a $280 million seven-year first-lien term loan and an $85 million 71/2-year second-lien term loan that has already been placed, sources said.
Proceeds, along with equity, will be used to fund the buyout of the company by Charlesbank Capital Partners and Webster Capital.
Closing is expected this quarter.
OneStopPlus is a New York-based catalog retailer and online marketplace for plus-size consumers.
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