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Munder Capital launches $85 million credit facility via Credit Suisse
By Sara Rosenberg
New York, March 2 - Munder Capital Management launched an $85 million credit facility led by Credit Suisse, according to a market source.
The facility consists of a $5 million revolver and an $80 million term loan talked at Libor plus 400 basis points with a 2% Libor floor and an original issue discount of 98, the source said.
Proceeds will be used to refinance existing debt.
Munder is a Birmingham, Mich., provider of investment advice and asset management services.
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