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NEP to launch $1.37 billion, €397 million of term loans on Thursday
New York, Sept. 24 – NEP Group Inc. will launch a $1.04 billion seven-year first-lien term loan, a €397 million seven-year first-lien term loan and a $330 million eight-year second-lien term loan with a lender call at 10 a.m. ET on Thursday, according to a market source.
Barclays and JPMorgan are the bookrunners with Barclays the left lead on the first-lien tranches and JPMorgan the left lead on the second-lien piece.
Proceeds will be used to help fund Carlyle’s majority investment in the company and to refinance debt.
NEP is a Pittsburgh-based provider of outsourced live and broadcast production solutions.
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