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NEP Group to launch $210 million incremental term loan on Thursday
By Sara Rosenberg
New York, Nov. 3 – NEP Group Inc. is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch a non-fungible $210 million incremental term loan B due Oct. 19, 2025, according to a market source.
Barclays, JPMorgan Chase Bank, HSBC Securities (USA) Inc., Macquarie Capital (USA) Inc., MUFG and Mizuho are the joint bookrunners on the deal. Barclays is the administrative agent.
The incremental term loan has 101 soft call protection for six months, the source said.
Proceeds will be used for general corporate purposes, including acquisitions and capital expenditures, and to pay down revolving credit facility borrowings.
NEP is a Pittsburgh-based provider of outsourced live and broadcast production solutions.
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