Village Voice Media to launch $193 million credit facility on Thursday

By Sara Rosenberg

New York, June 27 - Village Voice Media is scheduled to hold a bank meeting on Thursday to launch its proposed $193 million credit facility, according to a market source.

BMO is the lead bank on the deal.

The facility contains a $15 million revolving credit facility and a $178 million term loan B, the source said.

Proceeds will be used to refinance existing debt and fund a dividend.

Village Voice is a New York-based alternative media company.

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