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Alpha Media to launch $175 million credit facility on Monday
By Sara Rosenberg
New York, July 19 - Alpha Media Group Inc. is scheduled to hold a bank meeting on Monday to launch its proposed $175 million credit facility, according to a syndicate document.
Credit Suisse is the lead arranger on the deal.
The facility consists of a $15 million five-year revolver (Ba3), with a 50 basis point commitment fee, a $120 million seven-year term loan (Ba3) and a $40 million 71/2-year second-lien term loan (B3), the document said.
Proceeds will be used to fund the acquisition of Dennis Publishing Inc.
Alpha Media is a New York-based publisher of men's lifestyle focused publications.
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