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ADS Tactical to launch $700 million term loan B on Tuesday
By Sara Rosenberg
New York, Feb. 8 – ADS Tactical Inc. will hold a lender call on Tuesday to launch a $700 million term loan B, according to a market source.
J.P. Morgan Securities LLC is the lead on the deal.
Proceeds will be used to repay existing debt and fund a dividend.
ADS is a Virginia Beach, Va.-based military equipment supplier that provides tactical equipment, procurement, logistics, government contracts and supply chain solutions.
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