F+W Media readies launch of $135 million credit facility for May 30

By Sara Rosenberg

New York, May 22 - F+W Media Inc. is scheduled to hold a bank meeting at 11 a.m. ET on May 30 to launch a proposed $135 million credit facility, according to a market source.

Macquarie Capital is leading the deal.

The facility consists of a $10 million revolver and a $125 million term loan B, the source said.

Proceeds will be used to refinance existing debt.

In addition, with the refinancing, the company is extending the maturity on its existing $25 million second-lien term loan, the source remarked.

F+W Media is a community-focused, content creator and marketer of products and services for enthusiasts. Its main offices are in Blue Ash, Ohio, New York and Broomfield, Colo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.