Aimbridge Hospitality to launch $350 million term loan B on Wednesday

By Sara Rosenberg

New York, Jan. 7 – Aimbridge Hospitality set a bank meeting for Wednesday to launch a $350 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 help fund the buyout of the company by Advent International from Lee Equity Partners and General Atlantic.

Closing is expected by February.

Aimbridge is a Dallas-based third-party hotel operator.

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