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Scenic readies launch of €315 million term loan B for Thursday
By Sara Rosenberg
New York, Feb. 5 – Scenic (Columbus Finance BV) is scheduled to hold a bank meeting in London on Thursday to launch a €315 million seven-year covenant-lite term loan B, according to a market source.
Credit Suisse is the physical bookrunner on the deal. HSBC and JPMorgan are passive bookrunners.
The term loan has 101 soft call protection for one year, the source said.
Proceeds will be used to refinance an existing term loan B and pre-fund further vessel investments.
Commitments are due on Feb. 20, the source added.
Scenic is a luxury river cruise, land tour and ocean cruise operator.
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