Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Advanstar Communications Inc. > News item |
Advanstar Communications launches $75 million revolver
By Sara Rosenberg
New York, March 31 - Advanstar Communications Inc. held a bank meeting on Friday afternoon to launch its proposed $75 million revolving credit facility (B2/B+), according to a market source.
Credit Suisse and Goldman Sachs are the lead banks on the deal.
The revolver was launched with pricing of Libor plus 250 basis points, the source said.
Proceeds will be used to refinance the company's existing $60 million revolver.
Advanstar is a New York-based media company.
© 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.