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Travel Leaders to launch $78.5 million add-on term loan on Thursday
By Sara Rosenberg
New York, March 18 – Travel Leaders Group LLC is scheduled to hold a lender call at 10:30 a.m. ET on Thursday to launch a $78.5 million add-on first-lien term loan, according to a market source.
UBS AG is the bookrunner on the deal.
The add-on loan is talked at Libor plus 600 basis points with a 1% Libor floor and an original issue discount that is still to be announced, the source said.
Proceeds will be used to fund a dividend.
Travel Leaders is a Plymouth, Minn.-based travel agency company.
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