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TransFirst plans to launch $600 million in term loans on Thursday
By Sara Rosenberg
New York, Dec. 12 - TransFirst LLC set a call for Thursday afternoon to launch $600 million in term loans, after postponing an earlier deal that was supposed to come to market last month, according to a market source.
Bank of America Merrill Lynch and GE Capital Markets are leading the deal.
The facility consists of $400 million first-lien term loan B and a $200 million second-lien term loan, the source said.
Proceeds will be used to refinance existing debt, fund a dividend and redeem equity.
TransFirst is a Hauppauge, N.Y.-based provider of transaction processing services and payment enabling technologies.
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