Casa Systems readies launch of $300 million term loan B for Wednesday

By Sara Rosenberg

New York, Nov. 29 – Casa Systems is set to hold a meeting on Wednesday to launch a $300 million seven-year term loan B, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to fund a dividend, the source said.

Casa Systems is an Andover, Mass.-based provider of fixed, mobile, optical and Wi-Fi network solutions for ultra-broadband services.

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