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Wyle readies launch of $250 million term loan for Wednesday
By Sara Rosenberg
New York, May 5 - Wyle is scheduled to hold a bank meeting on Wednesday to launch a $250 million seven-year term loan, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to refinance existing debt.
Wyle is an El Segundo, Calif.-based provider of high-tech aerospace engineering, information technology and scientific services to the federal government.
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