Ascend Learning readies launch of $330 million term loan for Tuesday

By Sara Rosenberg

New York, May 7 - Ascend Learning is scheduled to hold a bank meeting on Tuesday to launch a $330 million term loan, according to a market source.

Bank of America Merrill Lynch and GE Capital Markets are the lead banks on the deal.

Proceeds will be used to refinance existing first-lien debt.

Ascend Learning is a Stilwell, Kan.-based provider of technology-based learning services focused on student training and testing results in health care and other vocational fields.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.