Oriental Trading to launch $290 million loan this week

By Sara Rosenberg

New York, June 23 - Oriental Trading Co. Inc. is scheduled to launch a $290 million credit facility this week, according to market sources. BNP Paribas is the lead bank on the deal.

The facility consists of a $250 million term loan B and a $40 million revolver.

Proceeds will be used to pay dividends, according to sources.

Oriental Trading is an Omaha, Neb. direct marketer of novelties, toys, party supplies, crafts, gift items, home décor products and garden accents.

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