ABB Optical readies launch of new credit facility for Wednesday

By Sara Rosenberg

New York, May 26 – ABB Optical Group is set to hold a bank meeting at 1 p.m. ET in New York on Wednesday to launch a new senior secured credit facility, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to refinance an existing first-lien term loan and to fund a dividend distribution, the source said.

ABB Optical is a Coral Springs, Fla. optical distributor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.