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Open Link Financial to launch $375 million facility on Wednesday
By Sara Rosenberg
New York, April 11 - Open Link Financial Inc. is set to hold a bank meeting on Wednesday at 10 a.m. ET at the Le Parker Meridien in New York to launch a proposed $375 million credit facility, according to a market source.
Bank of America Merrill Lynch, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC are the lead arrangers on the deal, with Bank of America the left lead.
The facility consists of a $50 million five-year revolver and a $325 million seven-year term loan B, the source said.
Proceeds will be used to refinance existing debt and fund a dividend to shareholders.
Open Link is a Uniondale, N.Y.-based provider of cross-asset trading, risk management and operations processing software services.
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