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Hollinger to hold bank meeting Monday for new $350 million credit facility
By Sara Rosenberg
New York, July 18 - Hollinger International Inc. is scheduled to hold a bank meeting on Monday for a new $350 million senior secured credit facility. TD Securities, Barclays and Wachovia are the lead banks on the deal.
The loan consists of a $50 million six-year revolver, a $50 million six-year term loan A and a $250 million seven-year term loan B, a syndicate source said. Pricing on the loan is not currently being disclosed, the syndicate source said.
The Chicago, Ill. publishing company will use proceeds to refinance outstanding debt.
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