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Fender Musical to launch $245 million term loan B on Tuesday
By Sara Rosenberg
New York, Oct. 26 - Fender Musical Instruments Corp. is scheduled to hold a bank meeting on Tuesday to launch a $245 million six-year term loan B, according to sources.
Wells Fargo Securities LLC and J.P. Morgan Securities LLC are the lead banks on the deal.
Proceeds will be used to refinance an existing term loan.
Fender is a Scottsdale, Ariz., maker of music instruments.
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