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Prospect News home > News index > List of issuers A > Headlines for Advantage Sales & Marketing Inc. > News item
Published on 12/4/2006 in the Prospect News Bank Loan Daily.

Advantage Sales and Marketing launches $150 million PIK loan

By Sara Rosenberg

New York, Dec. 4 - Advantage Sales and Marketing Inc. launched a $150 million holdco PIK loan on Monday, according to a market source.

UBS and Citigroup are the lead banks on the deal.

The PIK loan is talked at 12% with call premiums of 102 in year one and 101 in year two, the source said.

Proceeds will be used to fund a dividend to shareholders.

Advantage is an Irvine, Calif., sales and marketing agency.


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