FTD schedules Tuesday meeting to launch $315 million credit facility

By Sara Rosenberg

New York, May 16 - FTD is set to hold a bank meeting on Tuesday to launch a proposed $315 million credit facility, according to a market source.

Wells Fargo Securities LLC is the lead bank on the deal.

The facility consists of a $50 million revolver and a $265 million term loan, the source said.

Proceeds will be used to refinance existing debt.

FTD is a Downers Grove, Ill.-based floral company.

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