Credit Suisse First Boston and TD Securities launched syndication last week of a $335 million bank facility for AAT Communications. The deal consists of a $50 million, six-and-a-half year revolver; a $200 million, seven-year term loan B; and an $85 million, eight-year second lien term loan.
Proceeds from the facility will go, in part, to refinance $200 million of existing bank debt, to pay a $100 million dividend and for acquisitions and other expenditures. Upon closing of the transaction, leverage is expected to be about …
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