Russell Investments to launch $200 million add-on term loan Thursday

By Sara Rosenberg

New York, Feb. 8 – Russell Investments will hold a lender call at 11 a.m. ET on Thursday to launch a fungible $200 million add-on term loan B due 2023, according to a market source.

Barclays is the bookrunner on the deal.

Proceeds will be used to fund a one-time distribution to shareholders and pay transaction related fees and expenses, the source said.

Russell Investments is a Seattle-based asset manager.

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