Travel Leaders to launch $628.6 million term loan B on Monday

By Sara Rosenberg

New York, Aug. 3 – Travel Leaders Group LLC is set to hold a lender call at 2 p.m. ET on Monday to launch a $628,573,375 senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to refinance an existing $528,573,375 senior secured term loan B and fund the acquisition of Bonotel Exclusive Travel.

Travel Leaders is a Plymouth, Minn.-based travel agency.

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