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Centerpulse to hold bank meeting Tuesday for $635 million facility
By Sara Rosenberg
New York, Sept. 20 - Centerpulse Ltd. is scheduled to hold a bank meeting Tuesday for its $635 million credit facility, according to a syndicate source. UBS Warburg is the lead bank on the deal.
The bank facility will be a come in the form of dollar and euro tranches, probably divided into half and half. The loan consists of a $300 million two-year term loan A and a $335 million five-year term loan B. Pricing on the loan has not yet been determined, the syndicate source said.
Proceeds will be used to fund a trust for legal settlements.
Centerpulse is a Switzerland-based developer, producer and distributor of medical implants and biological materials for cardiovascular and orthopedic markets worldwide.
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