FCI readies launch of $300 million term loan B for Thursday

By Sara Rosenberg

New York, Dec. 3 - FCI will hold a bank meeting on Thursday morning to launch a $300 million six-year covenant-light term loan B, according to sources.

Goldman Sachs Bank USA, Bank of America Merrill Lynch, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are the lead banks on the deal.

Proceeds will be used to fund a dividend.

FCI is a manufacturer of connectors for use in electronic, micro-connector, electrical and automotive applications.

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