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Ascend Performance to launch $1.1 billion term loan B on Monday
By Sara Rosenberg
New York, Aug. 2 – Ascend Performance Materials is scheduled to hold a bank meeting on Monday to launch a $1.1 billion term loan B, according to a market source.
BofA Securities Inc. is the lead bank on the deal.
Proceeds will be used to refinance existing debt and fund a dividend.
Ascend Performance Materials is a Houston-based provider of chemicals, fibers and plastics.
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