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KeyW readies launch of $340 million credit facilities for Wednesday
By Sara Rosenberg
New York, April 13 – KeyW Corp. is scheduled to hold a bank meeting at 10 a.m. ET in New York on Wednesday to launch $340 million of senior secured credit facilities, according to a market source.
RBC Capital Markets is the lead arranger on the deal.
The facilities consist of a $50 million five-year revolver, a $215 million six-year first-lien term loan and a $75 million seven-year second-lien term loan, the source said.
Proceeds will be used to refinance the company’s capital structure.
KeyW is a Hanover, Md.-based total solutions provider for the intelligence, cyber and counterterrorism communities.
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