Fender Musical sets Monday call to launch $245 million term loan B

By Sara Rosenberg

New York, Oct. 31 - Fender Musical Instruments Corp. scheduled a conference call for Monday to launch its proposed $245 million six-year term loan B, according to a market source.

The loan was originally set to launch with a bank meeting this past Tuesday but was delayed because of weather conditions.

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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