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IntraFi to launch $540 million second-lien term loan on Thursday
By Sara Rosenberg
New York, Oct. 20 – IntraFi Network LLC (Nexus Buyer LLC) is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch a $540 million eight-year covenant-lite second-lien term loan, according to a market source.
Nomura is the left lead arranger on the deal.
Proceeds will be used to fund a distribution to shareholders and pay related fees and expenses.
IntraFi is an Arlington, Va.-based financial technology solutions provider offering deposit placement and funding services to financial institutions.
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