Advanstar Communications launches $75 million revolver

By Sara Rosenberg

New York, March 31 - Advanstar Communications Inc. held a bank meeting on Friday afternoon to launch its proposed $75 million revolving credit facility (B2/B+), according to a market source.

Credit Suisse and Goldman Sachs are the lead banks on the deal.

The revolver was launched with pricing of Libor plus 250 basis points, the source said.

Proceeds will be used to refinance the company's existing $60 million revolver.

Advanstar is a New York-based media company.

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