World Triathlon readies launch of new loan financing for June 9 week

By Sara Rosenberg

New York, June 3 - World Triathlon Corp. is expected to launch a new loan deal during the week of June 9, according to a market source.

UBS AG is the lead bank on the deal.

Proceeds will be used for a recapitalization.

Providence Equity Partners is the sponsor.

World Triathlon is a Tampa Bay, Fla.-based owner and operator of Ironman triathlon events.

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