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Cast & Crew to launch $495 million first-lien term loan on Friday
By Sara Rosenberg
New York, Sept. 5 – Cast & Crew Entertainment Services LLC is scheduled to hold a bank meeting at 10 a.m. ET in New York on Friday to launch a $495 million seven-year first-lien term loan, according to a market source.
RBC Capital Markets LLC is the left lead arranger on the deal.
Proceeds will be used to refinance the company’s existing first-lien term loan, second-lien term loan and second-lien notes in a leverage neutral transaction, the source added.
Cast & Crew, a Silver Lake portfolio company, is a Burbank, Calif.-based provider of technology-enabled payroll, production accounting and related value-added services to the entertainment industry.
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