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CB Richard Ellis launches $260 million term loan B
By Sara Rosenberg
New York, May 1 - CB Richard Ellis held a bank meeting for a $260 million (B1) amended and restated term loan B on Thursday, according to a Credit Suisse First Boston report. Credit Suisse First Boston is the lead arranger on the deal.
The term loan B has a tenor of five years and is priced with an interest rate of Libor plus 425 basis points.
Proceeds are being used to help fund the acquisition of Insignia Financial Group Inc.
CB Richard Ellis is a Los Angeles real estate services company. Insignia is a New York real estate services and investment banking firm.
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