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Cetera plans $750 million term loan for Securian retail wealth buy
By Sara Rosenberg
New York, Jan. 25 – Cetera Financial Group plans on getting a non-fungible roughly $750 million incremental term loan to fund its acquisition of the retail wealth business of Securian Financial Group Inc., according to a market source.
UBS Investment Bank is the left lead arranger on the deal.
Closing is expected in the third quarter, subject to regulatory approval.
Cetera is a San Diego-based network of financial professionals.
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