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RBmedia readies launch of $250 million add-on term loan for Thursday
By Sara Rosenberg
New York, Sept. 23 – RBmedia will hold a lender call at 1 p.m. ET on Thursday to launch a $250 million add-on first-lien term loan, according to a market source.
Goldman Sachs Bank USA, KKR Capital Markets, Morgan Stanley Senior Funding Inc. and Truist are the leads on the deal.
Proceeds will be used to fund a dividend to existing shareholders.
RBmedia is a Landover, Md.-based digital audiobook and related spoken-word content producer.
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