Hudson River Trading to launch $1.73 billion term loan B on Thursday

By Sara Rosenberg

New York, March 3 – Hudson River Trading LLC is set to hold a lender call at 10 a.m. ET on Thursday to launch a $1.725 billion first-lien term loan B, according to a market source.

Goldman Sachs Bank USA, BofA Securities Inc. and JPMorgan Chase Bank are the bookrunners on the deal.

Proceeds will be used to refinance an existing $1.225 billion term loan and add cash to the balance sheet.

Hudson River Trading is a New York-based electronic market maker and liquidity provider.

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