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Park Resorts to launch £550 million term loan B on Wednesday
By Sara Rosenberg
New York, Sept. 21 – Park Resorts is scheduled to hold a bank meeting in London on Wednesday to launch a £550 million seven-year term loan B, according to a market source.
Barclays, J.P. Morgan Securities LLC and RBS are the bookrunners on the deal.
Proceeds will be used to refinance existing debt and to support the merger of Park Resorts and Parkdean.
Park Resorts and Parkdean are holiday park operators in the United Kingdom.
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