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Casa Systems readies launch of $300 million term loan B for Wednesday
By Sara Rosenberg
New York, Nov. 29 – Casa Systems is set to hold a meeting on Wednesday to launch a $300 million seven-year term loan B, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to fund a dividend, the source said.
Casa Systems is an Andover, Mass.-based provider of fixed, mobile, optical and Wi-Fi network solutions for ultra-broadband services.
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