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Peak 10 readies launch of $155 million credit facility for Thursday
By Sara Rosenberg
New York, Sept. 14 - Peak 10 Inc. is scheduled to hold a bank meeting on Thursday morning to launch its proposed $155 million credit facility, according to a market source.
RBC is the lead bank on the deal.
The facility consists of a $15 million revolver and a $140 million term loan B, with price talk not yet available, the source said.
Proceeds will be used to help fund the buyout of the company by Welsh, Carson, Anderson & Stowe from Seaport Capital and McCarthy Capital.
The transaction is expected to close in early October.
Peak 10 is a data center operator and managed services provider.
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