Questex Media $230 million credit facility to launch Tuesday

By Sara Rosenberg

New York, April 5 - Questex Media Group Inc. is scheduled to hold a bank meeting on Tuesday to launch its proposed $230 million credit facility, according to a syndicate document.

Credit Suisse is the lead arranger on the deal.

The facility consists of a $30 million five-year revolver talked at Libor plus 300 basis points, a $150 million seven-year first-lien term loan B talked at Libor plus 300 bps and a $50 million seven-year second-lien term loan talked at Libor plus 650 bps, the document said.

Proceeds will be used to refinance existing debt.

Questex Media is a Newton, Mass., business-to-business integrated media provider.

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