Weight Watchers to launch $1 billion term loan B on Thursday

By Sara Rosenberg

New York, March 24 – Weight Watchers (WW International Inc.) will hold a lender call on Thursday to launch a $1 billion seven-year secured term loan B (BB-), according to a market source.

BofA Securities Inc. is the left lead on the deal.

Proceeds will be used with secured notes to refinance about $1.5 billion of long-term debt obligations.

Weight Watchers is a New York-based provider of weight management services.

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