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FleetCor readies launch of $1.15 billion term loan B for Tuesday
By Sara Rosenberg
New York, April 12 – FleetCor Technologies Inc. will hold a lender call at 10 a.m. ET on Tuesday to launch a $1.15 billion seven-year term loan B (Ba1), according to a market source.
BofA Securities Inc., MUFG, PNC Bank, TD Securities (USA) LLC, Wells Fargo LLC, BMO Capital Markets, Capital One, Fifth Third, Mizuho, Regents Bank and Bank of Nova Scotia are the leads on the deal.
The term loan has 101 soft call protection for six months, the source said.
Proceeds will be used to refinance existing debt and to fund an acquisition.
FleetCor is an Atlanta-based business payments company.
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